Changes in the Supervisory Board Composition
The recent developments in the Supervisory Board of Enefit Green mark an important transition. Anne Sulling, an independent board member and part of the Audit Committee, has completed her three-year term, which came to an end recently. This mandates a shift as the company looks to fill the gap left in its governance.
Current Board Structure
Enefit Green will proceed temporarily with four board members during this transition. The remaining members are Andrus Durejko, who continues to serve as the Chairman, along with Marlen Tamm, Kristjan Kuhi, and independent member Erkki Raasuke. The Audit Committee is also adjusted, now comprising Erkki Raasuke as Chairman and Marlen Tamm.
New Member Search Process
In light of Anne Sulling's departure, plans are underway to find a new independent supervisory board member. The management team of Enefit Green is actively engaged in this search, ensuring that the forthcoming candidate aligns with the company's strategic goals and governance standards. An extraordinary general meeting of shareholders will be convened specifically for this election, with details to be announced following legal procedures.
About Enefit Green
Enefit Green holds a prominent position in the renewable energy landscape of the Baltic Sea region. The company’s portfolio includes various energy production facilities such as wind farms in Estonia and Lithuania, a waste-to-energy combined heat and power (CHP) plant in Estonia, and solar farms located in both Estonia and Poland. They also manage a hydroelectric plant in Estonia.
Renewable Energy Production Highlights
As of the close of 2023, Enefit Green boasts a total installed electricity production capacity of 515 MW, alongside a heat production capacity of 50 MW. Throughout the year, the company produced an impressive 1,343 GWh of electricity and 604 GWh of heat energy. Additionally, they managed to produce 156 thousand tonnes of wood pellets, showcasing their commitment to diversifying renewable energy sources.
In alignment with their strategic development, Enefit Green is currently working on multiple wind and solar farm projects, not just in Estonia and Lithuania, but also expanding efforts into Latvia and Finland. Notably, the company has concluded its involvement in biomass-based CHP and pellet production, further defining its operational focus.
For any inquiries or further information, you can reach out to Sven Kunsing, Head of Finance Communications, at investor@enefitgreen.ee. More details are available at https://enefitgreen.ee/en/investorile/.
Frequently Asked Questions
What prompted the change in the Supervisory Board?
Anne Sulling's three-year term expired, prompting Enefit Green to seek a new independent member to fill her position.
How is the current supervisory board structured?
The current board includes four members: Andrus Durejko (Chairman), Marlen Tamm, Kristjan Kuhi, and Erkki Raasuke (independent member).
What is the process for appointing a new board member?
The management board is conducting a search and plans to hold an extraordinary general meeting of shareholders for the election of the new member.
How much renewable energy does Enefit Green produce?
In 2023, Enefit Green produced 1,343 GWh of electricity and 604 GWh of heat energy, along with 156 thousand tonnes of wood pellets.
Where does Enefit Green operate?
Enefit Green operates in Estonia, Lithuania, Poland, Latvia, and Finland, focusing on wind, solar, and waste-to-energy production.
