Enefit Green Strategizes Focus on Core Markets and Projects
Enefit Green's Strategic Shift Towards Core Markets
Enefit Green has recently evaluated its current market environment and identified the need to make strategic adjustments to its operating and development portfolio. This assessment looked closely at the company's ongoing projects in Finland and other regions to determine their alignment with the latest market trends.
Exiting Non-Strategic Ventures
The Management Board has concluded that exiting the Finnish market may be beneficial, alongside selling off certain non-strategic development projects. This decision is contingent upon the emergence of suitable offers that align with the company’s goals.
Prioritizing Core Projects in the Baltics and Poland
As part of its new strategy, Enefit Green aims to channel its resources toward larger wind and hybrid park projects in its main operational areas, specifically the Baltics and Poland. This pivot not only reflects the company's commitment to its core markets but also underscores its ambition to lead in sustainable energy development within these regions.
Collaboration with Arctic Securities AS
To facilitate this strategic transition, Enefit Green has appointed Arctic Securities AS, a renowned Norwegian investment bank, to assist in identifying potential buyers for its assets. One notable asset is the 72 MW Tolpanvaara wind farm located in Finland. Additionally, the bank will help find partners for the construction of the promising 150 MW Kelm? III wind farm in Lithuania.
About Enefit Green
Enefit Green is dedicated to enhancing its operational capabilities and optimizing its project portfolio to ensure sustained growth and market relevance. The commitment to focusing on significant wind and hybrid projects aligns with global movements toward cleaner energy solutions.
Get in Touch for More Information
For further inquiries, Sven Kunsing, the Head of Finance Communication, can be reached at investor@enefitgreen.ee. For additional updates and investor information, you can visit the Enefit Green investor page.
Frequently Asked Questions
What recent decisions has Enefit Green made?
Enefit Green has decided to exit the Finnish market and focus on core areas in the Baltics and Poland.
Who is advising Enefit Green on its strategic changes?
The company has engaged Arctic Securities AS to assist in finding buyers for various projects.
What types of projects will Enefit Green concentrate on?
Enefit Green plans to prioritize larger wind and hybrid projects within its core markets.
Why is Enefit Green selling its non-strategic projects?
The sale is a strategy to align resources better with market opportunities and core business goals.
How can investors contact Enefit Green for inquiries?
Investors can reach out via email to Sven Kunsing at investor@enefitgreen.ee.
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