Enefit Green Signs Loan Agreement Amendment with Swedbank
28 June 2024 - 10:55PM
Enefit Green Signs Loan Agreement Amendment with Swedbank
Enefit Green has signed an amendment to its loan agreement with
Swedbank, originally taken out on 28 December 2022 for 50 million
euros. According to the revised terms, the loan amount will
increase to 100 million euros. Additionally, the loan maturity has
been extended to December 2028.
This amendment significantly improves Enefit Green's liquidity
position and allows the continuation of the ongoing investment
program. The additional loan funds will be used for the development
of wind and solar parks, as well as storage solutions and general
corporate purposes.
Further information:Kadri KorstenHead of
Communicationkadri.korsten@energia.ee+372 53 43 9739
Enefit Green is one of the leading renewable energy producers in
the Baltic Sea area. The Company operates wind farms in Estonia and
Lithuania, waste-to-energy CHP plant in Estonia, solar farms in
Estonia and Poland and a hydroelectric plant in Estonia. In
addition, the Company is developing several wind and solar farms in
the mentioned countries, Latvia and Finland. As of the end of 2023,
the Company had a total installed electricity production capacity
of 515 MW and a total installed heat production capacity of 50 MW.
During 2023, the Company produced 1,343 GWh of electricity, 604 GWh
of heat energy and 156 thousand tonnes of wood pellets. In the end
of 2023, Enefit Green exited the biomass based CHP and pellet
production businesses.