Enefit Green’s February Electricity Production Overview
Enefit Green’s Electricity Production Snapshot
In February, Enefit Green achieved a total electricity production of 136.3 GWh. This marks a decrease of 14% compared to the prior year. A substantial factor contributing to this decline was the lower wind speeds encountered in the Estonian and Lithuanian wind farms this February, which directly impacted the overall production levels.
Wind Energy Production Analysis
The company recorded 121.4 GWh of wind energy production in February, reflecting a 16% drop from the previous year. Average wind speeds significantly affected outputs, plummeting to 5.4 m/s against the 7.1 m/s in February of the previous year. In Finland, the average at the Tolpanvaara wind farm was slightly better at 7.9 m/s. The firm plans to publish the average wind speeds weighted by the capacity of the turbines starting in 2025 to provide more precise data reflecting the new installations.
Factors Impacting Production
Low wind speeds accounted for a shortfall of approximately 82.1 GWh against projected outputs. Additionally, curtailment due to unsustainably low electricity prices in the Finnish market contributed another 10 GWh loss. Nonetheless, the firm managed to deliver 4.9 GWh of system services to Lithuanian transmission system operators. This capability results from the advanced digitalization of their energy assets, allowing Enefit to generate additional revenue beyond traditional electricity sales.
Cogeneration and Thermal Energy Production
The energy production from cogeneration facilities faced challenges influenced notably by the sale of biomass-based cogeneration assets, finalizing in the early part of the previous year. The Iru cogeneration plant, now the segment's sole operating unit, produced 10.0 GWh of electricity with 32.6 GWh of thermal energy output, signifying reductions of 5.4% and 11.8%, respectively. Notably, Iru maintained full operational capacity with no outages reported during February.
Solar Energy Production Growth
Solar energy production exhibited a compelling contrast, reaching 4.8 GWh—almost 2.3 times greater than the previous year. This surge can be attributed primarily to the operations of the new Sopi solar farm, which produced 1.8 GWh, as well as two newly constructed solar farms in Latvia commencing production this month.
Weather Challenges and Operational Adaptations
The production results fell significantly short of expectations due to the notably calm weather conditions. February has typically been a month characterized by ample wind; however, this year’s wind speed diminished more than 30% in Estonia and 25% in Lithuania compared to the average of the last five years. This phenomenon was ranked as a 7% probability occurrence based on long-term weather forecasting models. According to assessments from regional environmental agencies, this February marked the calmest period observed in the last decade.
Positive Developments Amidst Challenges
Despite these weather-related setbacks, there were encouraging developments, including the commencement of near full-scale production at the Kelme I wind farm and expansions of solar farms in Latvia. While the status of the Estonian and Lithuanian markets indicated wind energy discounts of -14% and -16%, respectively, it was unfortunate that the Finnish market demonstrated a far steeper discount of -45%. Such pricing dynamics could lead to underproduction in Finland, proving challenging for the firm.
Performance Breakdown by Country and Segment
Looking at production data by country, Estonia led with 69.1 GWh produced, slightly up from last year, while Lithuania saw a significant decline, dropping to 51.4 GWh from 72.4 GWh. Latvia's numbers showed a notable fall as well, with only 0.4 GWh this February. Meanwhile, Poland increased output to 1.7 GWh from 1.1 GWh, and Finland recorded 13.7 GWh, down from last year.
Comparative Production Segments
When analyzing production by segment, wind energy accounted for 121.4 GWh, down significantly from 144.6 GWh. Meanwhile, cogeneration dropped to 10.0 GWh due to the sale of certain assets. Conversely, solar production rose impressively, reflecting the growth stemming from new solar farms activating operations.
Looking Ahead
Enefit Green remains committed to enhancing its energy production capabilities while navigating the challenges posed by variabilities in weather and market conditions. Ongoing digital transformation efforts and strategic developments across various energy segments pave the way for future growth, with the potential to engage further in profitable ventures. For more information, stakeholders can reach out directly to Sven Kunsing, Head of Finance Communications at Enefit Green.
Frequently Asked Questions
What were the total electricity production figures for February?
Enefit Green produced a total of 136.3 GWh of electricity in February.
How did February's wind production compare to last year?
Wind production was 121.4 GWh, which reflects a 16% decrease from the previous year's figure.
What is the performance of the Iru cogeneration plant?
The Iru plant generated 10.0 GWh of electricity with 32.6 GWh of thermal energy, experiencing a drop from the previous year.
How did Enefit Green's solar production fare in February?
Solar energy production reached 4.8 GWh, nearly 2.3 times higher than last year.
What challenges did Enefit Green face in February?
Challenging weather conditions with significantly lower wind speeds and adverse market prices negatively impacted overall production levels.
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