Energy, Estonia, Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 27.04.2024, 03:01

Fortum businesses top list of recipients of renewable energy subsidy in Estonia in July

BC, Tallinn, 18.08.2017.Print version
Companies of Fortum Eesti group were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in July 2017, receiving altogether 1.7 million euros, writes LETA.

That amount of money was paid out as a subsidy to Fortum Eesti AS and its subsidiary Anne Soojus AS combined.

 

The next biggest recipients of subsidy were Enefit Taastuvenergia OU, which received 740,000 euros, and companies of Nelja Energia group, which received 711,000 euros, it appears from data available from the transmission system operator Elering.

 

Altogether, Elering paid out over 4.8 million euros in renewable energy support and 84,800 euros in high-efficiency cogeneration support during July.

 

In the first seven months of the year, Elering paid out 40.6 million euros under the former and 2.1 million euros under the latter item.

 

The list of recipients of the subsidy in the seven months was topped by Fortum Eesti with 11 million euros, Enefit Taastuvenergia OU being in second place with eight million euros and Nelja Energia third with 7.9 million euros.

 

Elering is planning to pay out 76.7 million euros in support for renewable energy production this year. After the first seven months, 53 percent of that amount had been disbursed.

 

Renewable energy support and high-efficiency cogeneration support are deemed state aid.






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