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Eesti Energia completes the acquisition of Nelja Energia
November 7, 2018 EWPA's blog - eteap
On November 7, 2018 Eesti Energia AS’s fully owned subsidiary Enefit Green AS as the buyer, and Vardar Eurus AS and minority shareholders as the sellers closed the transaction relating to the 100% of the shares in Nelja Energa AS, a renewable energy producer and developer in the Baltic countries. Upon closing, Enefit Green AS, a wholly owned subsidiary of Eesti Energia AS, has paid the purchase consideration to the sellers and has been registered as the sole shareholder of Nelja Energia AS in the share register. The share purchase agreement relating to the transaction was signed in May 2018.
COMING: WINDENERGY HAMBURG AND WINDEUROPE CONFERENCE WindEurope 2018
August 22, 2018 EWPA's blog - eteap
See the conference agenda here and meet the companies represented in the expo here.
A discount of 20% is available for the members of Estonian Wind Power Association. Please contact us for more information.
Eesti Energia to buy Nelja Energia – the biggest wind power producer in the Baltic States
May 29, 2018 EWPA's blog - eteap
On 29thof May 2018 Vardar Eurus AS and minority shareholders of Nelja Energia, entered into a Share Purchase Agreement with Eesti Energia AS’s subsidiary Enefit Green AS, which may lead to change of ownership of all shares of the company.
The consideration payable for 100% of the shares of Nelja Energia amounts to 289 million EUR. In addition, Enefit Green will take over the loans of Nelja Energia. The total sum of the deal is 493 million euros.
Offshore wind in Europe grew 25% in 2017
February 6, 2018 EWPA's blog - eteap
2017 was a record year for offshore wind in Europe according to statistics released today by WindEurope. Europe installed 3.1 GW of new offshore wind, taking total capacity to 15.8 GW, an increase of 25% in just one year. Read more »
Lithuania and Estonia sell renewables statistics to Luxembourg
October 30, 2017 EWPA's blog - eteap
On Oct 26th, Lithuania and Luxembourg signed a cooperation agreement on the statistical transfer of renewable energy which helps Luxembourg to achieve its national renewable energy target by receiving a statistical transfer of a specified amount of renewable energy produced in Lithuania. The same day, the Estonian Government authorized its Minister of Economic Affairs and Infrastructure to sign a similar agreement with Luxembourg which will likely take place in Tallinn on the 7th of November, 2017. This is the first time ever when cooperation mechanisms are used so one EU Member State can reach its renewable energy target with the help of another one. Read more »
The Government approved the Estonian Energy Development Plan until 2030
October 26, 2017 EWPA's blog - eteap
The Estonian Government has confirmed the Estonian Energy Development Plan until 2030 (ENMAK), that sees that by 2030 the share of renewable energy accounts for 50% of final consumption of domestic electricity and 80% of the heat generated in Estonia. Wind and biomass are the biggest resources of renewables in Estonia. To achieve the targets of the plan also offshore wind power has to deployed. Read more »
RMK puts Tootsi properties up for auction
October 17, 2017 EWPA's blog - eteap
The supervisory board of the state forest management company RMK has decided to put the land of Tootsi up for sale with a starting price of 12.3 million euros. The public auction will take place at RMK offices at Toompuiestee 24, Tallinn at 2 p.m. on Nov. 8, 2017.
The Tootsi property is situated on 160 hectares in the territory of the Vandra rural municipality in Parnu County. It consists of 40 cadastral units 38 of which have been designated for wind turbines and two for wind measuring towers. Read more »
Claude Turmes supports offshore wind power in the Baltic Sea
October 6, 2017 EWPA's blog - eteap
Claude Turmes, the President of EUFORES and a member of the European Parliament signed last Friday at the EUFORES Inter-Parliamentary Meeting in Tallinn a support letter of the Baltic Sea Declaration to boost the development of offshore wind power in the Baltic Sea region.
The Baltic Sea Declaration was signed in June 2017 by the Finnish, Swedish, Danish, Estonian, Latvian, Lithuanian, German and Polish wind power associations to harness significantly more offshore wind power potential in the Baltic Sea Region and thereby increase both the region’s renewable energy production and economic growth. Read more »
