Enefit Green has signed a €180m loan agreement with European Investment Bank (EIB) to finance its ongoing wind programme.
The company will use the loan capital for the construction of the 255MW Sopi-Tootsi wind farm in Estonia.
After its completion in 2025, this development will cover approximately 40% of annual electricity consumption of Estonian households.
The term of the concluded loan with EIB is 12 years.
Enefit Green is constructing five wind and three solar farms in Estonia, Lithuania, Poland and Finland with a total capacity of 608MW.
In 2023, Purtse hybrid wind and solar farm in Estonia and the Zambrow solar farm in Poland with a total capacity of 62MW have been completed and put into operation.
During the upcoming six months, 43MW Šilale 2 and 75MW Akmene wind farms in Lithuania, 72MW Tolpanvaara site in Finland, 6MW Debnik and 3MW Estonia solar arrays in Poland and Estonia, respectively, are expected to be completed.