Enefit Green stock: Enefit Green opens 167 MW in Lithuania. What it means for Enefit Green stock

Published on 10/22/2026 at 00:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enefit Green opened two Lithuanian wind farms on September 29, 2026, adding 167 MW. The EUR 324 million build shapes Enefit Green stock context.

Renewables and financing facts

Enefit Green opened two Lithuanian wind farms on September 29, 2026, adding 167 MW.
The projects required EUR 324 million in investment and include battery storage plans.
Enefit OÜ accounted for EUR 842.8 million of group debt as of June 30, 2026.

Enefit Green, EE3100137985, Illustration mit AI erstellt.

Enefit Green (ISIN EE3100137985) added 167 megawatts of renewable capacity through two Lithuanian wind farms opened on September 29, 2026. The project gives Enefit Green stock a concrete operating milestone as the group expands its Baltic generation base.

According to Nasdaq Baltic, Enefit OÜ, a wholly owned subsidiary of Eesti Energia, officially opened the Kelm? I and Kelm? II wind farms on that date. The development links the listed renewable-energy name to a larger operating platform rather than to a single project announcement.

EUR 324 million expands capacity

The two farms near Kelm? comprise 80 MW at Kelm? I and 87 MW at Kelm? II. Trade with Estonia reported that the investment totaled EUR 324 million and that battery storage is planned alongside the wind assets. The Kelm? I facility had already been generating electricity, while Kelm? II added 87 MW of newly commissioned capacity.

What does the project mean?

The figure that matters operationally is the 167 MW addition, while the EUR 324 million cost sets the scale for capital deployment. The project also shows why capacity growth alone does not define earnings: electricity prices, production volumes and financing costs will determine how much of that investment reaches results.

Eesti Energia reported sales revenue of EUR 373.6 million for the second quarter of 2026, down 2 percent from the second quarter of 2025. On its investor page, Enefit also reported group EBITDA of EUR 55.7 million, down 28 percent year over year, and a net loss of EUR 8.6 million in the second quarter of 2026.

Debt remains part of the picture

As of June 30, 2026, Enefit OÜ accounted for EUR 842.8 million of Eesti Energia Group debt, according to the investor information. That figure gives the capacity expansion a financing dimension: the 167 MW addition has to operate against the group balance sheet as well as against power-market conditions.