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    Enefit Green Completes Project Financing of USD193.3 Million for Sopi-Tootsi Wind Farm in Estonia

    September 15, 2023 - Marketline - Deals


      Deal In Brief

      Enefit Green signed a €180 million (USD193.3 million) loan agreement with European Investment Bank (EIB) to finance its ongoing investment programme. The term of the concluded contract is 12 years

      Enefit Green will use the loan capital for the construction of the Sopi-Tootsi wind farm in Estonia. Sopi-Tootsi wind farm is the largest wind farm under construction in Estonia with a capacity of 255 MW. After its completion in 2025, this wind farm will cover approximately 40% of annual electricity consumption of Estonian households

      Enefit Green is currently constructing five wind and three solar farms in Estonia, Lithuania, Poland and Finland with a total capacity of 608 MW. In 2023, Purtse hybrid wind and solar farm in Estonia and the Zambrow solar farm in Poland with a total capacity of 62MW have been completed and put into operation. During the upcoming six months, 43 MW Šilale II and 75 MW Akmene wind farms in Lithuania, 72MW Tolpanvaara wind farm in Finland, 6MW Debnik and 3MW Estonia solar farm in Poland and Estonia, respectively, are expected to be completed.

      Deal Value (US$ Million) 193.32
      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2023-09-14

      Deal Participants

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


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