Eesti Energia has announced that its renewable energy company Enefit Green will build solar power plants with a total generation capacity of 7 MW across Estonia this year. This will require an investment of around EUR5 million (US$5.7 million).
Enefit Green aims to install a total of at least 50 MW of solar panels within the next five years, supporting Eesti Energia's goal of 40% of electricity from renewable and alternative sources by 2022.
The solar power stations will be installed on lands in Eesti Energia’s use, but also next to Enefit Green’s power plants and to customers’ properties. For example, one of the solar power plants will be located in Paldiski, in the vicinity of an Eesti Energia-owned wind farm.
Another plant will be located in a former mining area in Laaskõrve, Ida-Viru County. Solar power stations will also be established next to Iru and Paide power plants. A couple of dozen solar power plants will be located on property owned by Eesti Energia’s business customers’ and help to partially cover their power consumption.
The solar power plants will begin producing electricity no later than the end of this year. Altogether, they will produce around 6,500 MWh of renewable electricity every year. This is enough to power more than 2,000 average households.
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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