Enefit Green: acquisition of a wind farm project in the Gulf of Riga

Enefit Green buys the Gulf of Riga offshore wind farm project from Eesti Energia for 6.2 million euros. With a capacity of 1 GW, the park is undergoing environmental and technical assessment, strengthening Enefit Green's presence in the renewable energy sector.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Enefit Green announces the acquisition of a wind power project in the Gulf of Riga. Indeed, the Baltic Sea region’s renewable energy producer recently announced the acquisition of the Liivi Offshore OÜ offshore wind farm project in the Gulf of Riga from Eesti Energia AS. The transaction, valued at 6.2 million euros, demonstrates the company’s commitment toclean and sustainableenergy production.

Preliminary work underway in the Gulf of Riga for the development of wind power

The wind farm will have a capacity of 1 GW and preliminary work is currently underway for an environmental impact assessment, a preliminary engineering analysis of the wind farm and a special state plan for the construction of the grid connection.

Enefit Green, a strong presence in the renewable energy sector

In addition, with wind farms in Estonia and Lithuania, cogeneration plants in Estonia and Latvia and solar farms in Estonia and Poland. Also with a pellet plant in Latvia and a hydroelectric plant in Estonia, Enefit Green is developing several wind and solar farm projects in these same countries and in Finland. Finally, by the end of 2021, Enefit Green had a total installed electricity generation capacity of 457 MW and a total installed heat generation capacity of 81 MW.

In conclusion, this acquisition of a wind farm project in the Gulf of Riga strengthens Enefit Green’s presence in the renewable energy sector. In addition, it demonstrates its commitment to providing clean and sustainable energy production for the Baltic Sea region and beyond. In 2022, the company produced 1,118 GWh of electricity, 565 GWh of thermal energy and 154,000 tons of wood pellets, confirming its commitment to clean and sustainable energy.

OX2 has started construction on three new onshore wind farms in Finland, bringing its total installed capacity in the country to 750 MW, a record level for a private energy sector player.
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.
EDF power solutions announces commercial operation of the San Kraal wind farm, the first unit of the 420MW Koruson 1 project, with full commissioning expected in early 2026.
Q ENERGY has announced the entry of three local and citizen-based partners into the capital of the Ventajou wind farm, marking its first strategic equity opening to institutional and community investors.
The Norwegian government has allocated two areas of the Utsira Nord project to the Equinor–Vårgrønn and EDF–Deep Wind Offshore consortia, launching a preparatory phase before a competitive state aid auction.
German group RWE has replaced 27 old turbines with three new high-performance units at its Muel wind farm, doubling energy output and earning ZeroWaste certification.
Synera Renewable Energy Group has signed a long-term power purchase agreement with Taiwan Smart Electricity & Energy, securing a portion of generation from the Formosa 4 wind farm.
Italian group Agsm Aim has completed the acquisition of four wind farms in Apulia totalling 52.6 MW, marking a new step in its national growth strategy in the renewable energy production sector.
Twenty-five years after the opening of the first offshore wind farm at Blyth, offshore wind now provides nearly a fifth of the United Kingdom’s electricity and supports a domestic industry employing 40,000 people.
Edison plans to launch over 500 MW of new wind and solar construction sites in Italy in 2026, backed by a €600mn ($647mn) investment, as part of its strategic growth plan in renewable energy.
GE Vernova will equip the Gurbanesti wind farm with 42 onshore 6.1 MW turbines in a second deal with Greenvolt in Romania, consolidating a combined capacity of around 500 MW.
RWE has secured contracts for four renewable energy projects totalling 68 MW in Italy, with construction set to begin in 2026, reinforcing its expansion strategy in the market.
RWE and TotalEnergies will install 66 Reef cubes® around the foundations of 11 turbines at the OranjeWind wind farm, marking one of the largest applications of artificial reefs in the North Sea.
Swedish energy group Vattenfall introduces "Rewind", an interactive platform designed to commercially repurpose technical parts from dismantled wind turbines.
The rapid growth of onshore wind in Southeast Asia is at risk due to inflexible public policies and inadequate power transmission infrastructure.
Enefit Green has sold its only wind farm in Finland to Canadian fund TD Greystone Infrastructure Fund, refocusing operations on the Baltic states and Poland in a regional concentration strategy.
McDonald’s UK commits to purchasing all electricity from the Douglas West Extension Wind Farm, a 66 MW project developed by Capital Dynamics in Scotland, under a long-term agreement managed by ENGIE.
Swedish developer OX2 acquires three onshore wind projects totalling 235 MW in Romania, pushing its portfolio beyond 1.1 GW in a rapidly growing market.
Danish group Vestas is expanding its blade plant in Poland and creating more than 300 jobs to supply turbines to Germany, the leading onshore wind market in Europe.
The UK government has approved the development consent for the 480 MW Morecambe offshore wind farm, a project led by Copenhagen Infrastructure Partners and scheduled to enter construction in 2027.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.