Eesti Energia plans to list renewables subsidiary

Сентября 28, 2021

Enefit Green AS (100% owned renewables subsidiary of Eesti Energia AS) has announced its intention to proceed with an initial public offering (“IPO”) and listing of its ordinary shares on the Baltic Main List of the Nasdaq Tallinn Stock Exchange.

The planned offering is expected to consist of both an issuance of new shares by the Enefit Green AS and a sale of existing shares held by Eesti Energia AS.

Net proceeds of the IPO will be used to finance group’s development projects and potential new projects in order to support the growth and development strategy, which includes wind and solar parks in the Enefit Green’s near-term pipeline of up to 600 MW.