Nelja Energia AS (also branded as 4Energia) is a

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

developer based in

Tallinn Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ' ...

Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...

. The main areas of business of the company are the development of the renewable energy industry and the operation of power production. The name of the company, meaning Energy of Four, is referring to the four type of renewable energy:

wind Wind is the natural movement of air or other gases relative to a planet's surface. Winds occur on a range of scales, from thunderstorm flows lasting tens of minutes, to local breezes generated by heating of land surfaces and lasting a few hou ...

water Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a ...

biomass Biomass is plant-based material used as a fuel for heat or electricity production. It can be in the form of wood, wood residues, energy crops, agricultural residues, and waste from industry, farms, and households. Some people use the terms bi ...

and solar. The company is focused on the renewable energy development in the

Baltic countries The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

. The CEO of the company is Aavo Kärmas. Nelja Energia owns and operates eleven

wind farms Wind is the natural movement of air or other gases relative to a planet's surface. Winds occur on a range of scales, from thunderstorm flows lasting tens of minutes, to local breezes generated by heating of land surfaces and lasting a few hou ...

in Estonia with the total capacity of 140.8 MW, and four wind farms in

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

with the total capacity of 78.9 MW. In addition, the company operates two biogas-fuelled co-generation plants in Estonia. In

Latvia Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...

, it owns and operates a cogeneration plant and pellet factory in

Brocēni Brocēni (; german: Brotzen) is a town in Saldus Municipality in the Courland region of Latvia. The town is situated along the river Ciecere, near lake Cieceres, which contains a large deposit of limestone, which is used in the manufacturing of c ...

. The company plans a 700–1,100 MW offshore wind farm off

Hiiumaa Hiiumaa (, ) is the second largest island in Estonia and is part of the West Estonian archipelago, in the Baltic Sea. It has an area of 989 km2 and is 22 km from the Estonian mainland. Its largest town is Kärdla. It is located within H ...

, Estonia. The company operates since 2005. It started as an operator company for the wind farms owned by Vardar Eurus, a company owned by Norwegian Vardar AS (90%) and the

Nordic Environment Finance Corporation The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). In 2005, the three Baltic states (Estonia, Latvia, and Lithuania) also becam ...

(10%), and Freenergy, a company owned by Estonian investors and the

European Bank of Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially foc ...

, and it was owned equally by both companies. In 2012, Freenergy merged with Nelja Energia and the current ownership structure was adopted. The main shareholder of Nelja Energia was Vardar Eurus (77%). Estonian private investors owned 23% of the shares. On 29 May 2018, it was announced that

Enefit Green Enefit Green AS is a publicly traded renewable energy company located in Tallinn, Estonia. It went public on Nasdaq Tallinn in October 2021 with 23 % of shares, the rest being owned by the state-owned energy company Eesti Energia. CEO of the comp ...

, a subsidiary of

Eesti Energia Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Fi ...

, will acquire 100% of Nelja Energia shares for €289 million. In addition, it will take over €204 million of Nelja Energia loans. The deal was approved and completed in November 2018.

References

{{Reflist Electric power companies of Estonia Wind power companies Biofuel producers Wind power in Estonia Estonian companies established in 2005 Companies based in Tallinn Energy companies established in 2005

See also

References