The European Bank for Reconstruction and Development (EBRD) has lent EUR100 million (USD 109.4 million) to Enefit Green for the construction and operation of the 255 MW Sopi-Tootsi wind park in Estonia.
Enefit Green will use the loan capital for the construction of the Sopi-Tootsi wind farm in Estonia. After its completion in 2025, this wind farm will cover approximately 40% of the annual electricity consumption of Estonian households. The facility will consist of 38 wind turbines with a nominal capacity of 6.8 MW and will help to further decarbonize Estonia’s electricity production by saving an estimated 480,000 tonnes of CO2 emissions per year.
Enefit Green is one of the renewable energy producers in the Baltic Sea area. The Company operates wind farms in Estonia, Lithuania and Finland, waste-to-energy CHP plant in Estonia, solar farms in Estonia and Poland and a hydroelectric plant in Estonia. In addition, the company is developing several wind and solar farms in the mentioned countries, including Latvia.
Energiasalv has been granted a construction permit by the Consumer Protection and Technical Regulatory Authority of Estonia for the construction of the 550 MW pumped hydro storage facility in Paldiski, on the Pakri Peninsula of northwestern Estonia.
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Van Oord has acquired a stake in the Estonian offshore wind farm developer Saare Wind Energy. Saare Wind Energy is developing the 1 GW Saaremaa offshore wind farm at an area covering up to 200 square kilometers south-west of the Estonian island Saaremaa. The development of the wind farm started in 2015.
Read moreVan Oord and Saare Wind Energy have agreed to mutually develop the 600 MW Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometers, south-west of the Estonian island Saaremaa.
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BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
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