Tallinn - Delayed Quote • EUR Enefit Green AS (EGR1T.TL) Follow Compare 2.7240 -0.0040 (-0.15%) At close: January 17 at 3:59:46 PM GMT+2 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Enefit Green production data – December and Q4 2024 Enefit Green produced 261.1 GWh of electricity in December 2024, which is 92% more than in the same period last year. During Q4 as a whole, electricity production reached 687.4 GWh, exceeding last year’s result by two thirds and the forecast published in the Q3 interim report by 6.5%. During 2024 as a whole, Enefit Green produced 1.88 TWh of electricity, which is 40% more than in 2023. During 2024, Enefit Green's team focused on achieving stable operation of wind and solar farms that have been u Appointment of an advisor to implement changes in the operating and development portfolio Having assessed the situation on its core markets, the fit of the company's near-term development portfolio and the existing operating portfolio with the current market situation, as well as financing opportunities, the Management Board of Enefit Green has decided to look for opportunities to exit the Finnish market and sell some non-strategic development projects provided the availability of suitable offers. In the further development of Enefit Green, the Management Board aims to focus on large Enefit Green 2025 financial calendar During 2025, Enefit Green plans to disclose its production and financial results according to the following schedule: TimeReportWeek 3Monthly production results (December 2024)Week 7Monthly production results (January 2025)28 Feb 2025Unaudited interim report Q4 2024 Week 11Monthly production results (February 2025)3 Apr 2025Audited 2024 annual report and dividend proposalWeek 15Monthly production results (March 2025)8 May 2025Unaudited interim report Q1 2025Week 20Monthly production results (Apr Resolutions of the extraordinary general meeting of Enefit Green AS The extraordinary general meeting of the shareholders of Enefit Green AS (hereinafter the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju county, Estonia) was held on 19 December 2024 at 09.00 (EET) at Lelle 22, Tallinn. The notice of calling the general meeting was published on 22 November 2024 in the stock exchange information system, on Company's website and on 26 November 2024 in the daily newspaper Postimees. The list of shareholders entitled to vote at the gener Merger between daughter companies Enefit Green’s supervisory board decided today to give permission to Enefit Green’s management board to carry out a merger during 2025 to combine Tootsi Windpark OÜ (a part of Sopi-Tootsi wind farm), Enefit Wind Purtse AS (a part of Sopi-Tootsi wind farm, Sopi solar farm and Purtse hybrid farm) into Enefit Wind OÜ. Enefit Green AS owns 100% of all three companies. The rationale for the merger is to simplify and optimize Enefit Green’s group structure, combining completed development assets with Enefit Green production data – November 2024 Enefit Green produced 226.2 GWh of electricity in November, or 109% more than in November 2023. The production result was mainly driven by new wind and solar farms in Estonia, Lithuania, Finland, and Poland (both by those commissioned last year and by those still under construction) the production of which accounted for over half of Enefit Green's total electricity production. The monthly production result corresponded to the revised Q4 production forecast published in the September production n Change in the composition of the Management Board Andres Maasing, Member of the Management Board and Head of Development at Enefit Green, will resign at his own request on 4 March 2025. "Enefit Green has completed or has taken to near completion several important development projects over the past year. Andres' determination and willingness to cooperate have been instrumental during this period. I am sad to see him leaving the company," said Juhan Aguraiuja, Chairman of the Management Board of Enefit Green. Enefit Green's Management Board curre Notice of calling the extraordinary general meeting of the shareholders of Enefit Green AS The Management Board of Enefit Green AS (hereinafter the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju county, Estonia) calls the extraordinary general meeting of the shareholders of the Company on 19 December 2024 at 09.00 (EEST) at Enefit Green’s head office (Lelle 22, Tallinn). The meeting will be held in Estonian. The list of shareholders entitled to participate at the general meeting will be established 7 (seven) days before the general meeting, i.e. on 12 Dece Enefit Green production data – October 2024 Enefit Green produced 200.1 GWh of electricity in October, or 19.0% more than in October 2023. The production result was mainly driven by new wind and solar farms in Lithuania, Finland, Poland and Estonia (both by those commissioned last year and by those still under construction) the production of which accounted for over half of Enefit Green's total electricity production. The monthly production result corresponded to the revised Q4 production forecast published in the September production not Enefit Green interim report for Q3 2024 The Enefit Green group’s operating income for Q3 2024 decreased by 2% while operating expenses (excl. D&A) decreased by 3% compared to the same period last year. As a result, EBITDA decreased by 1% to €15.7m. Net profit for the period increased by €0.4m to €5.4m (earnings per share €0.021). Comments by Juhan Aguraiuja, CEO of Enefit Green: "The first two weeks as the CFO of Enefit Green are now behind me. I have taken over the management from the previous Interim Chairman of the Management Board Argo Rannamets appointed as the new Member of the Management Board of Enefit Green The Supervisory Board of Enefit Green has appointed Argo Rannamets as a Member of the Management Board. Rannamets will take up the role of the Chief Financial Officer, responsible for the company’s daily financial management, financing opportunities, and investment planning. His three-year term begins January 31, 2025. Argo Rannamets has over 20 years of experience in finance. Since November 2023, he has served as a board member and CFO of Ekspress Group. From 2021 to 2023, he co-founded the sta Invitation to Enefit Green investor webinars presenting Q3 2024 interim results Enefit Green will publish its Q3 2024 interim report on 31 October 2024 at 09.00 EET and will host two online webinars to present the results according to the following schedule. 31 October 2024 at 11.00 EET webinar in Estonian 31 October 2024 at 13.00 EET webinar in English To join the event, please click here (same link for both languages). During both events results will be presented by Juhan Aguraiuja, CEO, Andres Maasing, CDO and Sven Kunsing, Head of Finance Communication. Each session wil Change in the composition of the Supervisory Board The mandate of Anne Sulling, independent member of the Supervisory Board of Enefit Green and member of the Audit Committee, expired due to the expiry of the three-year term of office on 21 October and 22 October 2024, respectively. The Supervisory Board of Enefit Green will temporarily continue its work with four members: Andrus Durejko (Chairman), Marlen Tamm, Kristjan Kuhi and Erkki Raasuke (independent member). The Audit Committee will be temporarily composed of Erkki Raasuke (Chairman) and M Enefit Green production data – September and Q3 2024 Enefit Green produced 141 GWh of electricity in September, which is 48.3% more than in the same period last year. During Q3 as a whole, Enefit Green's electricity production increased by 31.8% to 342.1 GWh, mainly due to the addition of production from new wind and solar farms. The result was about 109 GWh below what was previously planned, mainly driven by the slower-than-expected production start at the Sopi-Tootsi wind farm, downregulation of production capacities and weak wind conditions. Wi Enefit Green and GE Vernova reach settlement regarding Akmene wind farm incident Enefit Green has reached a settlement with GE Vernova concerning the incident during construction of the Akmene wind farm, resulting in the collapse of a wind turbine. As a part of the negotiated outcome, Enefit Green and GE Vernova have agreed to a settlement associated with the above incident resulting in contractual adjustment to the Akmene Wind farm Turbine Supply Agreement (TSA) between the parties, including material compensation totaling about €8 million with approximately one half in cas Change in the Management Board of Enefit Green As previously communicated via the stock exchange announcement of 28 June 2024, Veiko Räim's mandate as a Member of the Management Board and CFO of Enefit Green expired on 24 September 2024. The process of selecting a new board member is ongoing. Until the new CEO Juhan Aguraiuja takes office on 14 October 2024, the Management Board of Enefit Green will continue to work with two members on a temporary basis. In addition to interim CEO Andres Maasing, the Management Board also includes Innar Kaas Enefit Green production data – August 2024 Enefit Green produced 106.7 GWh of electricity in August, or 29.1% more than in August 2023. The production result was mainly driven by new wind and solar farms in Lithuania, Finland, Poland and Estonia (both by those commissioned last year and by those still under construction) the production of which accounted for nearly 40% of Enefit Green's total electricity production. The average wind speed in August was 5.5 m/s across the portfolio, which exceeded the expected level by +0.2 m/s. The avera Enefit Green’s total installed electricity generation capacity exceeds 1000 megawatts Yesterday, on 5 September 2024, the opening ceremony of the Šilalė II wind farm (43 MW, Lithuania) took place. Today, the cornerstone will be laid for the construction of the Kelme II wind farm (87 MW, Lithuania). The Kelme II wind farm will be built in the vicinity of the Kelme I wind farm (80 MW), the wind turbines of which have already been installed. The day before yesterday, the last 38th wind turbine was installed in the Sopi-Tootsi wind farm (255 MW, Estonia), currently the largest wind f Supervisory Board of Enefit Green extends the mandate of Innar Kaasik, Member of the Management Board by 3 years The Supervisory Board of Enefit Green has decided to extend the contract and mandate of Innar Kaasik, Member of the Management Board and Head of Production of Enefit Green, for 3 years from the expiry of the current contract until 24 September 2027. Further information:Sven KunsingHead of Finance Communicationsinvestor@enefitgreen.eehttps://enefitgreen.ee/en/investorile/ Enefit Green is one of the leading renewable energy producers in the Baltic Sea area. The Company operates wind farms in Eston Enefit Green production data – July 2024 Enefit Green produced 94.1 GWh of electricity in July, which is 15.1% more than in the same period last year. The production result was mainly driven by new – both newly completed wind and solar farms and those under construction in Lithuania, Finland, Poland and Estonia. These new assets contributed more than 40% of Enefit Green’s total electricity production. As is typical for the mid-summer season, wind conditions were moderate. The average wind speed in July was 5.3 m/s, both in Estonian and Performance Overview Trailing total returns as of 1/17/2025, which may include dividends or other distributions. Benchmark is MSCI WORLD Return EGR1T.TL MSCI WORLD YTD -1.30% +1.59% 1-Year -25.12% +20.08% 3-Year -27.92% 0.00%