Brief: Enefit Green To Increase Its Renewable Electricity Production Capacity By Four Times By The End Of 2026

Enefit Green AS

26/05/2022 07:09

May 26 (Reuters) - Enefit Green AS  EGR1T.TL :
    * ENEFIT GREEN SAYS UPDATED STRATEGY UNTIL THE END OF 2026
IS TO
INCREASE RENEWABLE ELECTRICITY PRODUCTION CAPACITY BY FOUR TIMES
    * ENEFIT GREEN SAYS RENEWED GROWTH PLAN FORESEES A MORE THAN
QUADRUPLING OF THE CURRENT INSTALLED PRODUCTION CAPACITY (457
MEGAWATTS) TO CA 1.900 MEGAWATTS BY THE END OF 2026
    * ENEFIT GREEN SAYS THE COMPANY WILL BUILD C. 600 MEGAWATTS
OF
WIND FARMS IN ESTONIA AND LITHUANIA AND ABOUT 600 MEGAWATTS OF
SOLAR FARMS IN THE BALTICS AND POLAND BY THE END OF THE STRATEGY
PERIOD
    * ENEFIT GREEN SAYS ON COMPLETION OF THE UPDATED GROWTH
PLAN, THE
COMPANY'S ANNUAL ELECTRICITY PRODUCTION WILL INCREASE TO 4.5
TERAWATT-HOURS, WHICH IS 3.7 TIMES MORE THAN THE 1.2
TERAWATT-HOURS PRODUCED IN 2021
    * ENEFIT GREEN SAYS ACCORDING TO THE UPDATED STRATEGY IT
WILL
INVEST C. EUR 1.5 BILLION DURING THE PERIOD 2022 - 2026 WITH
INVESTMENTS BEING FINANCED BY DEBT AND OPERATING CASH FLOW

Source text:  ID:nGNE8Ljnyp 
 
Further company coverage:  EGR1T.TL 

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