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Eesti Energia tops list of recipients of renewable energy subsidy in 2018

Estonian news - eteap January 15, 2019

Baltic News Service. 15th of January, 2019

The Estonian transmission system operator Elering last year paid out 78.5 million euros in renewable energy support and 3.5 million euros in high-efficiency cogeneration support, of which a third was received by Enefit Green and Nelja Energia, renewable energy arms of state-owned energy group Eesti Energia.

Enefit Green received 12.6 million euros in renewable energy support and its subsidiary, Nelja Energia, was paid 12.7 million euros. Along with the 1.5 million euros in high-efficiency cogeneration support paid to Enefit Green, the Eesti Energia group received altogether 26.8 million euros in support, which made up 32.7 percent of all subsidies paid out in 2018, it appears from data available from Elering.

Fortum Eesti and Anne Soojus, Estonian holdings of the Fortum Power and Heat OY energy group of Finland, received altogether approximately 19 million euros last year. Utilitas Tallinna Elektrijaam received altogether 16 million euros in renewable energy support and high-efficiency cogeneration subsidy in 2018. The European Diversified Infrastructure Fund II SPSc (EDIF II), managed by the Australian investment company First State Investments, in November 2018 became a financial investor in OU Utilitas, whose majority shares belonged to Kristjan Rahu. EDIF II has acquired an 85 percent shareholding in Utilitas.

The CHP generating companies Imavere Energia, Helme Energia and Osula Energia of the Graanul Invest group received 10.6 million euros in 2018.

Companies of the Nelja Energia group include VV Tuulepargid, Aseriaru Tuulepark, Hanila Tuulepargid, Pakri Tuulepargid, Vinni Biogaas and Oisu Biogaas.

In 2017, Elering paid out 77.7 million euros in renewable energy support and high-efficiency cogeneration support. Then, Fortum Eesti and Anne Soojus were the biggest recipients of renewable energy support and high-efficiency cogeneration support, receiving altogether approximately 19.3 million euros.

The next biggest recipients of subsidy were Enefit Green AS, which received 14.6 million euros, companies of Nelja Energia group, which received 11.9 million euros, and Utilitas Tallinna Elektrijaam OU, which received 8.5 million euros.

When administering renewable energy subsidies, Elering acts as a paying agency, collecting renewable energy fees from consumers through network companies and paying this as subsidy to electricity plants producing electricity from renewable sources.

Last year, renewable energy charge was paid 0.89 cents per kilowatt-hour, but this year, the fee is to rise to the same level as in 2017, 17 percent to 1.04 cents per kilowatt-hour.

Renewable energy support and high-efficiency cogeneration support are deemed state aid.

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