Enersense is conducting a strategic assessment of its onshore wind power and solar power project development operations and is considering selling them, the company’s board has announced.
The company’s project portfolio totals roughly 5GW in addition to which it has projects worth of approximately 7GW in feasibility study phase.
Enersense said it sees significant value in its project development operations.
The company is also conducting a strategic assessment of its offshore wind power operations and its business focused on the development of zero-emission transport solutions, the future outlook of which is positive, but their development needs significant growth capital.
Jaakko Eskola, chair of the board of directors, said: “We will focus on our core business operations: providing high-quality services that enable a sustainable green energy transition for our partners in the energy, telecommunications and industrial sectors principally in Finland and the Baltics.
“The company has launched a group-wide efficiency programme to support its profit-making capability.
“We are looking for a new chief executive to determinedly implement our strategy, improve the company’s profitability and increase the shareholder value.
“I take this opportunity to thank the Board’s Strategy Committee for their work on the strategy revision.”
In its organisational meeting after the annual general meeting on 4 April 2024, Enersense’s board of directors decided to establish a strategy committee to assist the Board in decisions regarding strategy.