The European Bank for Reconstruction and Development (EBRD) is lending €100 million to Enefit Green for the construction and operation of the 255 MW Sopi-Tootsi wind park in Estonia. The new wind park will increase the country’s electricity generation capacity by up to 10 per cent as it makes strides to meet ambitious European Union (EU) greening targets. Parallel financing of €180 million has been provided by the European Investment Bank and additional funding comes from a commercial bank.
Enefit Green is one of the largest renewable energy companies in the Baltic states and has been a client of the EBRD since 2020. The company owns and operates 587 MW of installed green capacity and 50 MW of heat capacity in the Baltic states, Finland and Poland. Following a partial privatisation through an initial public offering in October 2021, the company’s shares are listed on the Nasdaq Tallinn Stock Exchange and held by nearly 64,000 investors. It remains majority-owned by Eesti Energia, the Estonian state-owned energy utility, while the EBRD holds a minority stake


