Eesti Energia closes EUR-289m buy of Baltic wind power producer
The Estonian Competition Authority granted permission to Eesti Energia to finalize the buying of Nelja Energia.
The acquisition of the Nelja Energia is in line with Eesti Energia’s goal to produce 40% of electricity from renewable and alternative sources by 2022.
Enefit Green, a company owned by Eesti Energia, is a rapidly growing in the Baltic Sea region. The company produces electricity and heat from wind, water, biomass, solar and mixed municipal waste.
Enefit Green and Nelja Energia signed signed the close of sale on May 29, 2018, amounting to EUR 289 million.
Country updates
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August 10, 2018
Lietuvos Energija finalises acquisition of 34 MW wind portfolio in Lithuania
Lietuvos Energija has concluded two share sale-purchase agreements to acquire 100 percent of shareholding of Vėjo vatas and Vėjo gūsis companies from Stemma Group. Vėjo vatas operates one wind farm of...
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August 06, 2018
Eesti Energia AS has won clearance for the Nelja Energia acquisition
The transaction started in May 2018 where Eesti Energia AS expressed its interest to buy the Tallinn-based renewable energy producer Nelja Energia AS for EUR289 million (USD335 million) plus the assum...
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July 02, 2018
Eesti Energia has signed $350 million new debt, partly to fund its purchase of Baltic renewables developer Nelja Energia
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June 01, 2018
Eesti Energia agrees to third largest acquisition in history of Estonia
Eesti Energia AS has announced that its fully owned subsidiary Enefit Green AS has entered into a share purchase agreement regarding all the shares in Nelja Energia AS, a renewable energy pr...
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January 26, 2018
European Commission backs 88 MW CHP project in Vilnius
The European Commission's Cohesion Fund has granted funding for a combined heat and power (CHP) project in Vilnius, the capital of Lithuania, in the south-east of the country. The projec...
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