96DB Eesti 23

TIDM96DB

RNS Number : 6635U

Eesti Energia AS

29 March 2023

Eesti Energia sold Gulf of Riga offshore wind farm development project to Enefit Green

Today, Eesti Energia AS and Enefit Green AS entered into a purchase and sale agreement, according to which Enefit Green will buy 100% of Liivi Offshore OÜ from Eesti Energia for nearly 6.2 million euros. Enefit Green's audit committee has reviewed this transaction and has confirmed its accordance with market conditions.

Liivi Offshore OÜ is a development of an offshore wind farm in the Gulf of Riga with a capacity of 1GW. Preliminary works are currently underway to carry out the studies necessary for the assessment of environmental impacts. Also, a preliminary technical analysis of the wind farm is being carried out and a special state plan for the construction of the network connection has been initiated.

Danel Freiberg

Head of Investor Relations and Treasury

Eesti Energia AS

Tel +372 465 2887

danel.freiberg@energia.ee

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(END) Dow Jones Newswires

March 29, 2023 10:02 ET (14:02 GMT)

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