Tallinn - Delayed Quote ? EUR Enefit Green AS (EGR1T.TL) Follow Compare 2.9700 -0.0120 (-0.40%) At close: 3:59 PM GMT+2 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Argo Rannamets appointed as the new Member of the Management Board of Enefit Green The Supervisory Board of Enefit Green has appointed Argo Rannamets as a Member of the Management Board. Rannamets will take up the role of the Chief Financial Officer, responsible for the company’s daily financial management, financing opportunities, and investment planning. His three-year term begins January 31, 2025. Argo Rannamets has over 20 years of experience in finance. Since November 2023, he has served as a board member and CFO of Ekspress Group. From 2021 to 2023, he co-founded the sta GlobeNewswire ? 6 hours ago EGR1T.TL -0.40% Invitation to Enefit Green investor webinars presenting Q3 2024 interim results Enefit Green will publish its Q3 2024 interim report on 31 October 2024 at 09.00 EET and will host two online webinars to present the results according to the following schedule. 31 October 2024 at 11.00 EET webinar in Estonian 31 October 2024 at 13.00 EET webinar in English To join the event, please click here (same link for both languages). During both events results will be presented by Juhan Aguraiuja, CEO, Andres Maasing, CDO and Sven Kunsing, Head of Finance Communication. Each session wil GlobeNewswire ? 2 days ago EGR1T.TL -0.40% Change in the composition of the Supervisory Board The mandate of Anne Sulling, independent member of the Supervisory Board of Enefit Green and member of the Audit Committee, expired due to the expiry of the three-year term of office on 21 October and 22 October 2024, respectively. The Supervisory Board of Enefit Green will temporarily continue its work with four members: Andrus Durejko (Chairman), Marlen Tamm, Kristjan Kuhi and Erkki Raasuke (independent member). The Audit Committee will be temporarily composed of Erkki Raasuke (Chairman) and M GlobeNewswire ? 7 days ago EGR1T.TL -0.40% Enefit Green production data – September and Q3 2024 Enefit Green produced 141 GWh of electricity in September, which is 48.3% more than in the same period last year. During Q3 as a whole, Enefit Green's electricity production increased by 31.8% to 342.1 GWh, mainly due to the addition of production from new wind and solar farms. The result was about 109 GWh below what was previously planned, mainly driven by the slower-than-expected production start at the Sopi-Tootsi wind farm, downregulation of production capacities and weak wind conditions. Wi GlobeNewswire ? 19 days ago EGR1T.TL -0.40% Enefit Green and GE Vernova reach settlement regarding Akmene wind farm incident Enefit Green has reached a settlement with GE Vernova concerning the incident during construction of the Akmene wind farm, resulting in the collapse of a wind turbine. As a part of the negotiated outcome, Enefit Green and GE Vernova have agreed to a settlement associated with the above incident resulting in contractual adjustment to the Akmene Wind farm Turbine Supply Agreement (TSA) between the parties, including material compensation totaling about €8 million with approximately one half in cas GlobeNewswire ? last month EGR1T.TL -0.40% Change in the Management Board of Enefit Green As previously communicated via the stock exchange announcement of 28 June 2024, Veiko R?im's mandate as a Member of the Management Board and CFO of Enefit Green expired on 24 September 2024. The process of selecting a new board member is ongoing. Until the new CEO Juhan Aguraiuja takes office on 14 October 2024, the Management Board of Enefit Green will continue to work with two members on a temporary basis. In addition to interim CEO Andres Maasing, the Management Board also includes Innar Kaas GlobeNewswire ? last month EGR1T.TL -0.40% Enefit Green production data – August 2024 Enefit Green produced 106.7 GWh of electricity in August, or 29.1% more than in August 2023. The production result was mainly driven by new wind and solar farms in Lithuania, Finland, Poland and Estonia (both by those commissioned last year and by those still under construction) the production of which accounted for nearly 40% of Enefit Green's total electricity production. The average wind speed in August was 5.5 m/s across the portfolio, which exceeded the expected level by +0.2 m/s. The avera GlobeNewswire ? last month EGR1T.TL -0.40% Enefit Green’s total installed electricity generation capacity exceeds 1000 megawatts Yesterday, on 5 September 2024, the opening ceremony of the ?ilal? II wind farm (43 MW, Lithuania) took place. Today, the cornerstone will be laid for the construction of the Kelme II wind farm (87 MW, Lithuania). The Kelme II wind farm will be built in the vicinity of the Kelme I wind farm (80 MW), the wind turbines of which have already been installed. The day before yesterday, the last 38th wind turbine was installed in the Sopi-Tootsi wind farm (255 MW, Estonia), currently the largest wind f GlobeNewswire ? last month EGR1T.TL -0.40% Supervisory Board of Enefit Green extends the mandate of Innar Kaasik, Member of the Management Board by 3 years The Supervisory Board of Enefit Green has decided to extend the contract and mandate of Innar Kaasik, Member of the Management Board and Head of Production of Enefit Green, for 3 years from the expiry of the current contract until 24 September 2027. Further information:Sven KunsingHead of Finance [email protected]://enefitgreen.ee/en/investorile/ Enefit Green is one of the leading renewable energy producers in the Baltic Sea area. The Company operates wind farms in Eston GlobeNewswire ? last month EGR1T.TL -0.40% Enefit Green production data – July 2024 Enefit Green produced 94.1 GWh of electricity in July, which is 15.1% more than in the same period last year. The production result was mainly driven by new – both newly completed wind and solar farms and those under construction in Lithuania, Finland, Poland and Estonia. These new assets contributed more than 40% of Enefit Green’s total electricity production. As is typical for the mid-summer season, wind conditions were moderate. The average wind speed in July was 5.3 m/s, both in Estonian and GlobeNewswire ? 2 months ago EGR1T.TL -0.40% Enefit Green signed a €100 million loan agreement with EBRD On 2 August 2024, Enefit Green signed a €100 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to finance its ongoing investment programme. The term of the concluded contract is 8 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 GlobeNewswire ? 2 months ago EGR1T.TL -0.40% Enefit Green interim report for Q2 2024 The Enefit Green group’s operating income for Q2 2024 decreased by 7% while operating expenses (excl. D&A) decreased by 12% compared to the same period last year. As a result, EBITDA decreased by 2% to €19.3m. Net profit for the quarter increased by €2.8m to €3.9m (earnings per share €0.015). Andres Maasing, interim chairman of the management board of Enefit Green comments: "Construction activities are underway in several development sites, including three large wind farms in Estonia and Lithuan GlobeNewswire ? 2 months ago EGR1T.TL -0.40% Invitation to Enefit Green investor webinars presenting Q2 2024 interim results Enefit Green will publish its Q2 2024 interim report on 1 August 2024 at 09.00 EEST and will host two online webinars to present the results according to the following schedule. 1 August 2024 at 11.00 EEST webinar in Estonian. To join the event (in Estonian), please click here. 1 August 2024 at 13.00 EEST webinar in English. To join the event (in English), please click here. During both events results will be presented by Andres Maasing, Interim CEO and Veiko R?im, CFO. Each session will be foll GlobeNewswire ? 3 months ago EGR1T.TL -0.40% Enefit Green production data – June and Q2 2024 Enefit Green produced 92.2 GWh of electricity in June 2024, which is 31.7% more than in the same period last year. In the second quarter as a whole, mainly due to the addition of new wind and solar farms, electricity production increased by 35.2% to 358.2 GWh. However, this result fell short of the previously published forecast by nearly 61 GWh. The production result in June was driven mostly by the nearly 70% y-o-y increase in wind energy production to the level of 37.9 GWh. An important contri GlobeNewswire ? 3 months ago EGR1T.TL -0.40% 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 GlobeNewswire ? 4 months ago EGR1T.TL -0.40% Changes in the Management Board of Enefit Green The Supervisory Board of Enefit Green has appointed Juhan Aguraiuja, who has been leading Adven's Baltic business, as the new Chairman of the Management Board. He will assume his position on October 14. According to Articles of Associations, a member of the Management Board is elected for a term of 3 years. Aavo K?rmas, the current CEO of Enefit Green, will step down from his role by mutual agreement with the Supervisory Board, effective July 1. Until Juhan Aguraiuja takes office, the current Ma GlobeNewswire ? 4 months ago EGR1T.TL -0.40% Enefit Green production data – May 2024 Enefit Green produced 116.1 GWh of electricity in May, which is 32.7% more than in the same period last year. The production result was mainly driven by new – both newly completed wind farms and those under construction in Lithuania, Finland and Estonia. These wind farms contributed nearly 35% of Enefit Green’s total electricity production. The average wind speeds in May were 4.9 m/s and 5.8 m/s, in Estonian and Lithuanian wind farms respectively (in May 2023, 5.1 m/s and 5.4 m/s, respectively). GlobeNewswire ? 4 months ago EGR1T.TL -0.40% Ex-dividend date of Enefit Green is 10 June 2024 Enefit Green (trading code EGR1T, ISIN code EE3100137985) will establish the list of shareholders entitled to receive dividend payment on 11 June 2024 at the end of the working day of the Nasdaq CSD settlement system (record date). Proceeding from the above, the ex-dividend date is 10 June 2024. From that date onwards the buyer of the shares is not entitled to receive dividends for the financial year 2023. Enefit Green will pay dividend €0.105 per share on 18 June 2024. Further information: Sven GlobeNewswire ? 4 months ago EGR1T.TL -0.40% Resolutions of the annual general meeting of Enefit Green AS The annual general meeting of the shareholders of Enefit Green AS (hereinafter the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju county, Estonia) was held on 14 May 2024 at 13.00 (EEST) at Fotografiska Tallinn (Telliskivi 60a-8, Tallinn). The notice of calling the general meeting was published on 22 April 2024 in the stock exchange information system, on Company's website and on 23 April 2024 in the daily newspaper Postimees. The list of shareholders entitled to vot GlobeNewswire ? 5 months ago EGR1T.TL -0.40% Enefit Green production data – April 2024 Enefit Green produced 149.9 GWh of electricity in April, which is 39.5% more than in the same period last year. The production result was mainly driven by new – both newly completed wind farms and those under construction in Lithuania, Finland and Estonia. These wind farms contributed more than a third of Enefit Green’s total electricity production and about 70% of the growth in production. The average wind speeds in April were 6.2 m/s and 6.5 m/s, in Estonian and Lithuanian wind farms respectiv GlobeNewswire ? 5 months ago EGR1T.TL -0.40% Performance Overview Trailing total returns as of 10/30/2024, which may include dividends or other distributions. Benchmark is MSCI WORLD Return EGR1T.TL MSCI WORLD YTD -13.67% +17.30% 1-Year -20.10% 0.00% 3-Year -1.54% +17.10%
