Nelja Energia

      Nelja Energia
      4Energia
      Type Private
      Industry Renewable energy
      Founded 2005 (2005)
      Headquarters Tallinn, Estonia
      Key people Martin Kruus (CEO)
      Parent Vardar Eurus

      Nelja Energia (also branded as 4Energia) is a renewable energy developer based in Tallinn, Estonia. The name of the company, meaning Four Energy, is referring to the four type of renewable energy: wind, water, biomass and solar.[1] The company focus on the renewable energy development in Baltic countries. CEO of the company is Martin Kruus.[1][2]

      Nelja Energia owned Pakri wind farm near Paldiski.

      Nelja Energia owns and operates nine wind farms in Estonia with the total capacity of 114.4 MW, and three wind farms in Lithuania with total capacity of 39.8 MW.[2][3][4] In addition, the company develops two biogas-fuelled co-generation plants in Estonia.[4]

      The company operates since 2005.[5] 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 (10%), and Freenergy, a company owned by Estonian investors and he European Bank of Reconstruction and Development, and it was owned equally by both companies. In 2012, Freenergy merged with Nelja Energia and the current ownership structure was adopted.[1] The main shareholder of Nelja Energia is Vardar Eurus (60%). The second largest shareholder is the European Bank of Reconstruction and Development (11%). Estonian investors owns 29%.[4]

      References

      1. ^ a b c Tere, Juhan (2012-03-22). "Two wind energy firms merge with Nelja Energia". The Baltic Course. Retrieved 2012-07-12. 
      2. ^ a b "Estonia's Nelja Energia Opens Third Wind Park in Lithuania". Estonian Review. BNS. 2012-06-06. Retrieved 2012-07-12. 
      3. ^ Tere, Juhan (2012-06-08). "Nelja Energia opens its third wind park in Lithuania". The Baltic Course. Retrieved 2012-07-12. 
      4. ^ a b c Õepa, Aivar (2012-06-14). "Nelja Energia launches biogas developments". news2biz. Retrieved 2012-07-12. 
      5. ^ "Wind Energy Developer Nelja Energia to Merge With Owners". Estonian Review. BNS. 2012-01-25. Retrieved 2012-07-12. 
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      Last modified on 21 March 2013, at 17:32