Enefit Green has signed a €100m, 8-year loan agreement with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the 255MW Sopi-Tootsi wind farm in Estonia.
After its completion in 2025, the wind farm will cover approximately 40% of annual electricity consumption of Estonian households.
Sopi-Tootsi wind farm will help to further decarbonise Estonia’s electricity production by saving an estimated 480,000 tonnes of CO2 emissions per year.
Enefit Green is currently constructing five wind and three solar farms in Estonia, Lithuania, Poland and Latvia with a total capacity of 637MW.
After commissioning 72MW Tolpanvaara wind farm in Finland earlier this year, Enefit Green’s operating electricity generation capacity has risen to 587MW.