Enefit Green UAB

Enefit Green UAB is the Lithuanian subsidiary of Enefit Green AS, one of the largest renewable energy producers in the Baltic region. The company is part of the Eesti Energia Group, the state-owned energy company of Estonia. Enefit Green UAB focuses on the development, construction, and operation of renewable energy assets in Lithuania, principally wind and solar projects, as well as supporting group-level renewable operations and electricity sales.

Company Overview

Legal name: Enefit Green Uždaroji akcinė bendrovė (Enefit Green UAB)
Type: Private limited liability company (UAB)
Industry sector: Renewable energy (generation, development, and operations; primarily wind and solar)
Parent company: Enefit Green AS (Estonia), part of the Eesti Energia Group
Headquarters (Lithuania): Vilnius, Lithuania (registered office details noted below or as available)
Founding date (Lithuanian entity): Not publicly confirmed in open sources at the time of research; the group has operated in Lithuania for years via local subsidiaries and project companies.
Stock exchange listing (group): Enefit Green AS listed on Nasdaq Tallinn (ticker: EGR1T)

Legal Information

Įmonės kodas (company code): Not publicly verifiable in free open sources at the time of this research. For the exact code, consult the Lithuanian Centre of Registers (Juridinių asmenų registras).
PVM kodas (VAT code): Not publicly verifiable in free open sources at the time of this research. Typically, Lithuanian VAT codes use the “LT” prefix followed by the company code; please confirm via the VMI VAT registry or the Centre of Registers.
Official website (group): enefitgreen.ee
Official website (Eesti Energia retail brand in Lithuania): enefit.lt (Note: this is the retail electricity supplier “Enefit UAB”; Enefit Green UAB is the renewable generation arm and uses the group corporate website.)
Email: General group contacts are published (e.g., info@enefitgreen.ee and ir@enefitgreen.ee for investor relations). A dedicated Lithuanian UAB email is not clearly published; please use the group contact channels or verify via the Lithuanian company registry.
Registered office address (Lithuania): The precise registered office address of Enefit Green UAB was not available in freely accessible open sources during this research. The company is registered in Vilnius. For exact address, consult the Lithuanian Centre of Registers or business directories.
Phone number (Lithuania): Not publicly listed in open sources at the time of research; use Enefit Green AS group contacts or verify via the Lithuanian company registry.

Business Operations

Main products/services:
- Development, construction, and operation of renewable energy assets (wind farms and solar parks) in Lithuania.
- Electricity generation from renewables and wholesale electricity sales via market mechanisms (e.g., Nord Pool power market).
- Potential power purchase agreements (PPAs) with industrial and commercial customers, aligned with group strategy.
- Project management, permitting, and technical operations for renewable projects.

Business model: Build–own–operate (BOO) renewable generation assets, optimizing output and market pricing, and pursuing a balanced portfolio across wind and solar. The group leverages long-term PPAs where feasible to reduce price volatility, while participating in the regional electricity market.

Market position: Enefit Green AS is among the largest renewable electricity producers in the Baltics. In Lithuania, Enefit Green UAB is one of the established foreign-owned renewable developers/operators, active especially in wind. The entity operates either directly or via Lithuanian project companies to build capacity and contribute to national and EU decarbonization goals.

History

The Enefit Green brand was formed through the consolidation of renewable assets within the Eesti Energia Group. Enefit Green AS was established to focus on renewable generation, and in 2021 it completed a successful initial public offering (IPO) on Nasdaq Tallinn to fund growth investments across the Baltic states and Poland. In Lithuania, Enefit Green has progressively expanded through a pipeline of wind and solar projects and related project companies, reflecting Lithuania’s supportive policy environment for renewables and the country’s increasing targets for wind and solar generation. Over 2022–2024, the group announced and advanced several wind projects in Lithuania, with construction and commissioning phases staggered to align with local permitting, grid connection timelines, and supply chain considerations.

While individual project names and commissioning schedules are periodically reported in group releases, specific details for the Lithuanian legal entity (Enefit Green UAB) — including incorporation date and company-specific operational milestones — were not comprehensively available in open sources during this research. The group’s Lithuanian growth has been characterized by investment decisions in new wind capacity, expansion of the local portfolio, and integration with the regional power market.

Financial Information

Revenue: Enefit Green UAB’s standalone revenue is not published separately. Financials are reported at the group level by Enefit Green AS. For the most current audited figures (sales revenue, EBITDA, net profit), refer to the latest Enefit Green AS annual report and interim reports on enefitgreen.ee and Nasdaq Baltic disclosures.

Funding rounds: The Lithuanian entity (UAB) is not a publicly listed company and does not disclose independent funding rounds. Group-level financing includes the 2021 IPO on Nasdaq Tallinn and subsequent debt/equity financing to support project investments in the Baltics and Poland.

Ownership structure: Enefit Green UAB is wholly owned (directly or indirectly) by Enefit Green AS. Enefit Green AS is majority-owned by Eesti Energia AS, with minority shareholders holding the listed free float following the IPO. Exact percentages may vary over time; consult the latest corporate governance disclosures.

Leadership and Management

Group leadership (Enefit Green AS):
- Aavo Kärmas — Chief Executive Officer (CEO)
- Other members of the management and supervisory boards are disclosed in group publications (names may change; refer to the latest governance section of the annual report).

Local management (Enefit Green UAB): The Lithuanian entity’s specific executives (vadovai) and board members were not publicly identifiable in open sources during this research. Lithuanian corporate registries list managing directors and authorized signatories; please consult the Lithuanian Centre of Registers or official disclosures for the current list of officers and their positions.

Office Locations

Registered office (Lithuania): Vilnius, Lithuania. The full address and phone number were not available in freely accessible open sources at the time of research. Verification via the Lithuanian Centre of Registers and business directories is recommended.

Other offices: No additional Lithuanian office locations specifically attributed to Enefit Green UAB were identified in open sources during this research.

Market Position

Competitors in Lithuania (renewable generation and development):
- Ignitis Renewables (part of Ignitis Group)
- Green Genius (Modus Group)
- European Energy
- Renerga and related local wind developers
- VSB and other international developers active in wind/solar
- Various project-specific SPVs established by international and local investors

Competitive advantages:
- Strong backing from Enefit Green AS and Eesti Energia Group, including access to capital, engineering, and operational expertise.
- Established portfolio and experience across the Baltic states and Poland, enabling regional synergies.
- Ability to leverage group procurement, O&M, and risk management capabilities.
- Experience with PPAs and market participation to optimize revenue and manage price risk.

Market share: Precise market share for Enefit Green UAB in Lithuania is not publicly quantified. At the group level, Enefit Green is recognized as a leading renewable power producer in the Baltics.

Recent Developments

Recent Enefit Green group disclosures (2023–2024) have highlighted ongoing construction and commissioning of wind and solar projects in the Baltic states, including Lithuania. Lithuanian portfolio growth has centered on multiple wind farm projects reaching construction or commissioning milestones, improved availability and output as assets come online, and continued development work for future capacity additions. The group has also emphasized operational efficiency and selective PPAs to balance market exposures amid evolving electricity price dynamics. For the most current updates (including specific Lithuanian project commissioning dates, capacities, and PPAs), see recent press releases, interim reports, and the Enefit Green AS investor relations page.

Contact Information

Corporate website: enefitgreen.ee
Investor relations (group): ir@enefitgreen.ee
General inquiries (group): info@enefitgreen.ee
Lithuania office: Registered in Vilnius; exact address, phone number, and a dedicated email for Enefit Green UAB were not identified in open sources during this research. Please consult the Lithuanian Centre of Registers (Juridinių asmenų registras) or reach out via the group contact channels for precise local contact details.

Sources and References

Primary sources:
- Enefit Green AS official site and investor relations materials: enefitgreen.ee (annual reports, interim reports, corporate governance)
- Nasdaq Baltic (Nasdaq Tallinn) issuer disclosures for Enefit Green AS (ticker EGR1T): nasdaqbaltic.com
- Eesti Energia Group information: energia.ee (group background)

Lithuanian registries and directories:
- Lithuanian Centre of Registers (Juridinių asmenų registras): registrucentras.lt/jar/ (for company code, VAT code, registered address, and officers)
- VMI VAT registry (for VAT code verification): vmi.lt
- Business directories (e.g., rekvizitai.lt or rekvizitai.vz.lt) for publicly available company data

Media and industry reports:
- Public press releases and news coverage regarding Enefit Green’s Baltic renewable projects (2022–2024), including Lithuanian wind developments (project announcements, construction and commissioning updates).

Note: Some Lithuanian entity-specific details (įmonės kodas, PVM kodas, full registered office address, phone number, and current local management names/positions) were not available in freely accessible open sources at the time of this research. For the most accurate and up-to-date legal and contact information, please consult the Lithuanian Centre of Registers and official company disclosures.