Renewable energy producer Enefit Green has become a member of the Foreign Investors’ Council in Latvia (FICIL).
“Enefit Green is one of the leading and most versatile renewable energy producers in the Baltic Sea region. The Enefit Green team is experienced and determined and is ready to actively participate in FICIL. Securing growth through technology, digitalisation and driving future projects towards the goal of producing environmentally friendly and cheaper energy for society. Thank you for the trust expressed to participate in FICIL, thereby strengthening our desire to actively engage and contribute to the achievement of Latvia’s environmental and energy objectives.” – Juris Antužs Head of Enefit Green in Latvia.
Evija Šturca, Member of the FICIL Executive Board: “Green economy development and renewable energy topics are widely discussed in various FICIL work groups. We see Enefit Green as a valuable member of the FICIL team that can contribute with their knowledge and experience in bettering the investment climate in Latvia and achieving ambitious green targets that have been set for the country. No doubt this cooperation will be beneficial in our ongoing dialogue with the Latvian government.”
Enefit Green is a subsidiary of the Eesti Energia group, owned by the Estonian state. Enefit Green was established in 2016 to consolidate all of Eesti Energia’s renewable energy production units into a single company. Since October 21 2021, the company shares have been listed on the Nasdaq Tallinn Stock Exchange. Enefit Green’s production units are located in Estonia, Latvia, Lithuania and Poland. In addition, the company has a development project in Finland. Enefit Green has a total of 22 wind parks, 38 solar power parks, four CHP plants, a pellet plant and a hydroelectric power plant. Clean and carbon-neutral energy production has become a global ambition. Green energy is the fastest and most rational way to zero carbon emissions. More environmentally friendly and reliable ways of providing us with enough renewable electricity is needed.
FICIL is a non-governmental organisation, which unites 39 largest foreign-owned companies from different industries, 10 foreign trade chambers and Stockholm School of Economics in Riga. FICIL’s mission is to use the experience and knowledge of its members to provide recommendations for public sector to improve Latvia’s business environment and competitiveness in attracting foreign investment.