Enefit Green produced 94.1 GWh of electricity in July, 15.1% more than in the same period last year. The production result was mainly driven by new wind and solar parks, both newly completed and under construction, in Lithuania, Finland, Poland and Estonia. These new plants contributed more than 40% of Enefit Green’s total electricity production.
As is typical for the peak summer season, wind conditions were moderate. The average wind speed in July was 5.3 m/s in both Estonian and Lithuanian wind farms (in July 2023 it was 5.5 m/s and 6.0 m/s, respectively). An average wind speed of 5.8 m/s was recorded at Tolpanvaara wind farm (Finland).
Electricity and thermal energy production of the cogeneration segment decreased (by -66.7% and -64.4% year-on-year, respectively). The decrease is largely due to the sale of biomass plants in previous quarters. Electricity and thermal energy production at the Iru power plant decreased by 40% and 17%, respectively, due to longer than planned maintenance shutdowns.
Solar energy production increased by 10.1% year-on-year, driven by a 22.2% production growth in new solar parks. Total solar energy production reached 11.2 GWh in July, or approximately 12% of Enefit Green’s total electricity production.
“Our focus remains on the completion and commissioning of the large Sopi-Tootsi and Kelme I wind farms currently under construction (together with a capacity of 335 MW). The aim is to have as many turbines as possible in these wind farms producing electricity by the autumn wind season. The current mid-summer weather with its typically moderate wind conditions is ideal for this, allowing us to prepare for the necessary grid tests during the windier autumn period.
At other plants, production results were typical for mid-summer. In Lithuania, we observed low wind farm output due to weak wind conditions and lower availability of the new wind farms due to commissioning tests and related works. Work to improve the availability of the new wind farms and stabilize output is ongoing. The required grid tests are expected to be completed by autumn, followed by tests at full capacity. In line with the trends of this summer, in July too we curbed electricity production during the hours of negative market prices, reducing production volumes by almost 5 GWh,” commented Innar Kaasik, Member of the Management Board and Head of Production at Enefit Green.
| July 2024 | July 2023 | Change, % | |
| Electricity production by country, GWh | |||
| Estonia | 39.2 | 44.1 | -11.2% |
| Lithuania | 40.4 | 30.7 | 31.7% |
| Latvia | – | 3.1 | -100.0% |
| Poland | 4.8 | 3.8 | 23.9% |
| Finland | 9.8 | – | – |
| In total | 94.1 | 81.8 | 15.1% |
| Electricity production by segment, GWh | |||
| wind | 80.5 | 64.4 | 25.0% |
| including new wind farms | 31.8 | 11.8 | 170.0% |
| Combined heat and power | 2.4 | 7.2 | -66.7% |
| including assets sold | – | 3.2 | -100.0% |
| Solar | 11.2 | 10.2 | 10.1% |
| including new solar parks | 7.1 | 5.8 | 22.2% |
| Other | 0.1 | 0.1 | 22.4% |
| In total | 94.1 | 81.8 | 15.1% |
| Thermal energy, GWh | 6.9 | 19.5 | -64.4% |
| including assets sold | – | 11.1 | -100.0% |
Further information:
Sven Kunsing
Head of Financial Communication
[email protected]
https://enefitgreen.ee/en/investorile/
Enefit Green is one of the leading producers of renewable energy in the Baltic Sea region. The company operates wind farms in Estonia and Lithuania, waste incineration plants in Estonia, solar parks in Estonia and Poland, and a hydroelectric power plant in Estonia. In addition, the company is developing several wind and solar parks in the mentioned countries as well as in Latvia and Finland. At the end of the second quarter of 2024, the company had a total installed power generation capacity of 587 MW and a total installed heat generation capacity of 50 MW. In 2023, the company produced 1,343 GWh of electricity, 604 GWh of thermal energy and 156,000 tonnes of wood pellets. At the end of 2023, Enefit Green exited the biomass-based cogeneration plant and pellet production business.
 "Campaign maneuver? ‘We’ve finally beaten the pharmaceutical industry,’ says Biden as US cuts prices on 10 best-selling Medicare drugs – Firstpost")
