Eesti Energia AS Investment Decision of 32MW Solar Park in Estonia (3667N)

TIDM96DB

RNS Number : 3667N

Eesti Energia AS

31 May 2022

Final Investment Decision of 32MW Solar Park in Estonia

Eesti Energia Group's renewable subsidiary Enefit Green has taken final investment decision regarding a 32MW Purtse solar park in Estonia. Total investment to the solar park is projected to amount 19.5 million euros. Purtse solar farm is part of Estonia's first large-scale hybrid wind and solar solution that uses the same grid connection point as Group's 21MW Purtse wind farm, the investment decision of which was made at the end of January 2022. Once operational, the 32MW Purtse solar park is expected to produce annually ca 32GWh of electricity, an equivalent of ca 10,000 average Estonian households. The project is expected to be commissioned in Q2 2023 and it is part of Group's near-term project pipeline to quadruple its renewable installed electricity generation capacity to 1,900 MW by 2026.

Rasmus Noormägi

Head of Investor Relations and Treasury

Eesti Energia AS

Tel: +372 465 2885

rasmus.noormagi@energia.ee

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