Loan agreement signed for 255 MW Wind park in Estonia
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.
