Enefit Green AS is a renewable energy company located in

Tallinn Tallinn is the capital city, capital and List of cities in Estonia, most populous city of Estonia. Situated on a Tallinn Bay, bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, it has a population of (as of 2025) and ...

Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...

. It had gone public on

Nasdaq Tallinn The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, fo ...

in October 2021 with 23 % of shares, but then reprivatized back in May–July 2025 up to complete control of the state-owned energy company

Eesti Energia Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Fi ...

. CEO of the company is Aavo Kärmas. Enefit Green was established in 2016 based on the renewable energy assets of Eesti Energia. The name of Enefit Green was adopted at the end of 2017. In 2018, Enefit Green installed at the remote

off-the-grid Off-the-grid or off-grid is a characteristic of buildings and a lifestyle designed in an independent manner without reliance on one or more public utilities. The term "off-the-grid" traditionally refers to not being connected to the electrical ...

Ruhnu Ruhnu (; ; ) is an Estonian island in the Gulf of Riga in the Baltic Sea. Its territory of is administratively part of Saare County, Saare ''maakond'' (county). Ruhnu lies geographically closer to the coast of Courland on the mainland of Latvia ...

island an hybrid power generation system, which includes a solar farm, a wind turbine, and battery for energy storage, backed-up with a diesel generator running on biodiesel. Also in 2018, Enefit Green acquired renewable energy producer Nelja Energia which became a subsidiary of Enefit Green. Enefit Green owns four

wind farm A wind farm, also called a wind park or wind power plant, is a group of wind turbines in the same location used to produce electricity. Wind farms vary in size from a small number of turbines to several hundred wind turbines covering an exten ...

s (

Paldiski Paldiski is a seaside Populated places in Estonia, town in northwestern Estonia, located on the Pakri Peninsula and adjacent Pakri Islands, Pakri islands in the Gulf of Finland of the Baltic Sea. It is the administrative centre of the Lääne- ...

Narva Narva is a municipality and city in Estonia. It is located in the Ida-Viru County, at the Extreme points of Estonia, eastern extreme point of Estonia, on the west bank of the Narva (river), Narva river which forms the Estonia–Russia border, E ...

, Aulepa,

Virtsu Virtsu () is a small borough (') in Lääneranna Parish, Pärnu County, Estonia. It lies on the western coast of continental Estonia, and is a location of the main port for traffic to and from Saaremaa, the largest island of Estonia. The Virtsu ...

), Iru waste-to-energy plant, Paide and Valka biomass power plants, Keila-Joa hydroelectric power plant, and Ruhnu hybrid power generation. In addition, its subsidiary Nelja Energia owns eleven wind farms in Estonia and four wind farms in Lithuania, two biogas-fuelled co-generation plants in Estonia, a co-generation plant and pellet factory in Latvia, and it plans a 700–1,100 MW offshore wind farm off

Hiiumaa Hiiumaa ( , ) is the second largest island in Estonia and is part of the West Estonian archipelago, in the Baltic Sea. It has an area of 989 km2 and is 22 km from the Estonian mainland. Its largest town is Kärdla. It is located within ...

, Estonia. In 2018, Enefit Green concluded an agreement with Finnish ''

Metsähallitus Metsähallitus (, , ''"the (Finnish) Forest Administration"'') is a state-owned enterprise in Finland. Its two main tasks are Parks & Wildlife Finland to manage most of the protected areas of Finland and Forestry to supply wood to the country's ...

'', that grants the right to Enefit Green to develop a 100 MW wind farm in Tolpanvaara,

North Ostrobothnia North Ostrobothnia (; ) is a Regions of Finland, region of Finland. It borders the Finnish regions of Lapland (Finland), Lapland, Kainuu, Northern Savonia, North Savo, Central Finland and Central Ostrobothnia, as well as the Russian Republic of ...

in Finland. Enefit Green also plans several solar plants with a total capacity of 7 MW. Enefit Green shares were listed on the main list of the Tallinn Stock Exchange since October 21, 2021 and traded on the Nasdaq Baltic Stock Exchange as EGR1T. Enefit Green had 264,276,232 shares listed. As of December 31, 2021, Enefit Green had 58,771 shareholders with 15% of the shares owned by retail investors.

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* {{Official website Electric power companies of Estonia Wind power companies Solar energy companies Wind power in Estonia Energy companies established in 2016 Estonian companies established in 2016

See also

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