Enefit Green's Remarkable October Electricity Production Growth

Enefit Green's Electricity Production Achievements in October

Enefit Green has made an impressive mark by producing 200.1 GWh of electricity in October, reflecting a 19.0% increase compared to the same month last year. This remarkable production outcome is significantly attributed to the performance of new wind and solar farms located in various regions. With the inclusion of facilities in Lithuania, Finland, Poland, and Estonia, these sources are responsible for over half of the company's total electricity output.

Wind Energy Performance and Weather Influence

The bulk of the electricity generated in October, amounting to 185.2 GWh, was derived from wind energy – a 21.3% increase from a year prior. Although favorable conditions were observed in certain areas, specifically Tolpanvaara Park in Finland, the overall wind speeds across the portfolio averaged 6.7 m/s, which was slightly below expectations. As a result, wind farms experienced a minor decrease in output compared to projections, primarily due to less than ideal wind conditions in certain areas, particularly Lithuania, which saw a significant dip compared to last year's performance.

Impact of Production Capacity Adjustments

Essential adjustments to production capacity also had notable implications for the overall results. These adjustments, particularly during hours of low or negative market prices alongside network limitations, led to a substantial reduction in electricity output by 16.5 GWh. This aspect highlights the complexities of energy production and market conditions that impact profitability.

Performance in Cogeneration and Solar Energy Production

The cogeneration segment's performance continues to be influenced by the sale of biomass cogeneration assets. The Iru power plant, still the singular entity in this segment, generated 10.2 GWh of electricity, showcasing an increase of 8.4%. Meanwhile, thermal energy production saw a slight decline, totaling 35.8 GWh. In contrast, solar energy production saw a robust increase, reaching 4.6 GWh—a 33% rise year-over-year, though it still made up just over 2% of total production for the month.

Management Insights on Recent Performance

“October marks a significant milestone as we surpassed the 200 GWh production mark for the first time in our history. This achievement aligns with our revised production forecasts, despite the constraints posed by wind conditions,” shared Innar Kaasik, the Head of Production at Enefit Green. His comments denote both pride in the achievements and concern over fluctuating energy prices across the markets, particularly noting the notable discounts in wind energy pricing.

Electricity Production Breakdown

The breakdown of electricity production by country for the month indicates varying performance levels:

• Estonia: 110.7 GWh (+37.6%)
• Lithuania: 66.2 GWh (-21.1%)
• Poland: 2.1 GWh (+45.1%)
• Finland: 21.1 GWh (noteworthy rise of 2330.7%)
• Total Production: 200.1 GWh, an increase of 19.0% from last year.

This diverse production portfolio reflects Enefit Green’s integrated approach to energy generation across different renewable sources.

Looking Ahead

As Enefit Green progresses through the fiscal year, focusing on expansion and enhancement of their facilities remains paramount. Ongoing developments in both wind and solar farms aim to boost capacity and meet rising energy demands in the region while maintaining a commitment to sustainability.

Frequently Asked Questions

What is the total electricity output of Enefit Green for October?

The total electricity output for October was 200.1 GWh, which marks a 19.0% increase compared to last year.

What contributed to the growth in electricity production?

The increase was primarily due to the performance of new wind and solar farms across several countries, especially Lithuania, Finland, Poland, and Estonia.

How did wind energy perform in October?

Wind energy production reached 185.2 GWh, showing a 21.3% increase year-over-year despite challenges with wind conditions in some areas.

What challenges affected Enefit Green's production?

Production capacity downregulations during hours of low market prices and overall weaker wind conditions affected the generation output for the month.

Who can be contacted for more information about Enefit Green?

For further inquiries, you can reach out to Sven Kunsing, Head of Finance Communications via their dedicated contact information.

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