As stated by the EIB, the projects will finance two onshore windfarms in Estonia, as part of Enefit Green's portfolio investments in Baltics.
The project is expected to contribute to Climate Action and Environmental Sustainability objectives, in particular to climate mitigation. The aim is to reduce carbon and air pollution emissions, which are externalities the market fails to address. The project will also foster the integration of new, variable renewable generation technologies in the market, thus filling a financing gap in the development of new renewable capacity, with more market-exposed structures and instruments.
As stated by the EIB, Enefit Green is one of the leading renewable energy producers in the Baltic Sea region. Its shares are listed on the Nasdaq Tallinn stock exchange with the company having more than 63 000 investors. Enefit Green owns wind farms in Estonia and Lithuania, combined heat and power plants in Estonia and Latvia, solar parks in Estonia and Poland, a pellet plant in Latvia and a hydroelectric plant in Estonia. The company is currently building five wind farms and three solar parks in Lithuania, Estonia, Poland and Finland with a total capacity of 608 megawatts.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
EIB Press Contact:
Phone: +352 4379 - 72894
Client - Enefit Green SA:
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
ACCOUNTABILITY MECHANISM OF EIB
The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: email@example.com, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf
When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces