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Fortum tops renewable energy subsidy list in April

Estonian news - Tuul May 16, 2014

BNS, 16.05.2014

Companies of the Fortum group received the biggest amount of renewable energy support in Estonia in April, 1.6 million euros of the total of 5.5 million euros disbursed by the transmission system operator Elering during the month.

Elering paid out altogether 4.8 million euros in renewable energy subsidies and 713,046 euros in support for high efficiency cogeneration last month. In the first four months of the year renewable energy subsidies totaled 21.1 million euros and high efficiency cogeneration subsidies 2.3 million euros.

Companies of the Finnish Fortum group in Estonia, Anne Soojus AS and Fortum Eesti AS, received respectively 786,803 and 800,093 euros of subsidy in April. Their four-month subsidy for producing energy from renewable sources and high efficiency cogeneration added up to 6.3 million euros.

Wind farms of Nelja Energia received support in the amount of 1.2 million euros in April and 5.6 million in the four months.

The state-owned energy giant Eesti Energia received 961,184 euros and its Aulepa wind generating arm Eesti Energia Aulepa Tuuleelektrijaam OU 281,189 euros in renewable energy subsidies in April. The two received 5.2 million euros in subsidies combined in January-April.

Tallinna Elektrijaam, operator of the Vao cogeneration plant outside the capital Tallinn, was paid a subsidy of 725,928 euros in April. In the first four months of 2013 the company’s subsidy amounted to three million euros.

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