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Eesti Energia gets almost half of Estonian renewable energy subsidy in February

Estonian news - eteap March 18, 2019

Baltic News Service. 18th of March, 2019

Estonian transmission system operator (TSO) Elering paid out altogether 8.9 million euros in renewable energy support and high-efficiency cogeneration support in February, almost half of which went to Eesti Energia group subsidiaries Enefit Green and Nelja Energia.

Enefit Green was paid roughly 2.1 million euros and its subsidiary Nelja Energia 2 million euros in renewable energy support. In total, companies of Eesti Energia group received 4.1 million euros in subsidies during the month, which accounted for 46.2 percent of the total amount paid out.

Fortum Eesti and Anne Soojus, Estonian holdings of Fortum Power and Heat OY energy group of Finland, received altogether approximately 1.5 million euros during the month. Utilitas Tallinna Elektrijaam, an 85 percent holding in which was sold by businessman Kristjan Rahu to the EDIF II infrastructure fund managed by the Australian investment company First State in November, was paid 1.4 million euros under the two items by Elering.

The combined heat and power (CHP) generating companies Imavere Energia, Helme Energia and Osula Energia of the Graanul Invest group received altogether 876,000 euros in renewable energy support.

Elering paid out altogether 16.6 million euros in renewable energy support and high-efficiency cogeneration support during the first two months of the year.

Nelja Energia group owns the companies VV Tuulepargid, Aseriaru Tuulepark, Hanila Tuulepargid, Pakri Tuulepargid, Vinni Biogaas and Oisu Biogaas.

During 2018, Elering 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 renewable energy companies of Eesti Energia.

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 rose 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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