Enefit Green production data – November 2024

Enefit Green produced 226.2 GWh of electricity in November, or 109% more than in November 2023. The production result was mainly driven by new wind and solar farms in Estonia, Lithuania, Finland, and Poland (both by those commissioned last year and by those still under construction) the production of which accounted for over half of Enefit Green's total electricity production. The monthly production result corresponded to the revised Q4 production forecast published in the September production...

Tallinn, 12/12/2024 (informazione.it - comunicati stampa - energia)

Enefit Green produced 226.2 GWh of electricity in November, or 109% more than in November 2023. The production result was mainly driven by new wind and solar farms in Estonia, Lithuania, Finland, and Poland (both by those commissioned last year and by those still under construction) the production of which accounted for over half of Enefit Green's total electricity production. The monthly production result corresponded to the revised Q4 production forecast published in the September production notice, despite capacity downregulations (mainly during hours with low electricity prices). Good wind conditions and the launch of the Sopi-Tootsi wind contributed positively to the production.

The volume of wind energy production in November was 213 GWh, which is 132% more than a year ago.

The average wind speed in November was 7.4 m/s across the portfolio, +0.4 m/s higher than expected. Finnish wind conditions were particularly good: +1.1 m/s better than expected average wind speed was measured in Tolpanvaara wind farm (8.6 m/s). Estonian (7.3 m/s) and Lithuanian (7.4 m/s) wind conditions were also better than expected. Good wind conditions affected the output of wind farms by +30.3 GWh compared to the expectations.

Downregulation of production capacity (mainly during hours of negative and/or very low market prices and due to various network constraints) had a significant impact on production results, reducing output by 29.0 GWh. The production result was also somewhat affected by the higher than usual volume of faults, mainly in WinWind wind farms, downtime due to icing of blades in the new Šilale II wind farm in Lithuania, and works in Tolpanvaara wind farm to improve the anti-icing system of the blades. Availability effects on the production were -6.2 GWh.

The year-over-year comparison of energy production in the cogeneration segment as a whole continues to be influenced (until the beginning of next year) by sale of biomass-based cogeneration assets in the fourth quarter of last year and in the first quarter of this year. In November, the electricity production of the Iru power plant (which remains the sole production unit in the segment), was 11.6 GWh (-3.2%) and the production of thermal energy was 36.6 GWh (-3.8%).

Solar energy production in November reached 1.5 GWh growing by almost a half year-over-year, but characteristically for the season, only accounted less than 1% of Enefit Green's electricity production in November.

"
," commented Innar Kaasik, Member of the Management Board and Head of Production at Enefit Green.

Further information:
Sven Kunsing
Head of Finance Communications
investor@enefitgreen.ee
https://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 Estonia, Lithuania and Finland, 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 and Latvia. As of the end of Q2 2024, the Company had a total installed electricity production capacity of 587 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.