REG - Eesti Energia AS - Eesti Energia sold wind farm development project

Enefit Green ASAnnouncement

29/03/2023 16:15

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RNS Number : 6635U  Eesti Energia AS  29 March 2023

Eesti Energia sold Gulf of Riga offshore wind farm development project to
Enefit Green

 

Today, Eesti Energia AS and Enefit Green AS entered into a purchase and sale
agreement, according to which Enefit Green will buy 100% of Liivi Offshore OÜ
from Eesti Energia for nearly 6.2 million euros. Enefit Green's audit
committee has reviewed this transaction and has confirmed its accordance with
market conditions.

 

Liivi Offshore OÜ is a development of an offshore wind farm in the Gulf of
Riga with a capacity of 1GW.  Preliminary works are currently underway to
carry out the studies necessary for the assessment of environmental impacts.
Also, a preliminary technical analysis of the wind farm is being carried out
and a special state plan for the construction of the network connection has
been initiated.

Danel Freiberg

Head of Investor Relations and Treasury

Eesti Energia AS

Tel +372 465 2887

danel.freiberg@energia.ee

 

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