Enefit Green AS Reports Production Results for the month, fourth quarter and full year ended December 2023. For the month, the company produced 135.2 GWh of electricity in December 2023, which is 34.3% more than in the same period last year. The production result was mostly driven by the increase in wind energy production, which grew by 36.5 GWh or 44.2% and was due to the contribution by new wind farms ? both by those completed last year and by those still under construction (39.5 GWh). In December 2023, the average measured wind speed in Estonian and Lithuanian wind farms was 5.5 and 7.5 m/s, respectively, compared to the average wind speeds of 6.5 m/s and 6.5 m/s in December 2022. In December, electricity production of cogeneration segment decreased by 12.2% year-on-year to 15.7 GWh, and the production of thermal energy increased by 1.2% to 60.6 GWh, as due to the cold weather, the company focused on supplying district heating networks with sufficient thermal energy. December 2023 pellet production in increased by 7.0% y-o-y to 13,600 tons.

For the quarter, the company produced 41.7% more electricity and 10.0% more thermal energy than a year earlier. The volume of pellet production in the fourth quarter did not change over the year.

For the year 2023, the company's electricity production increased by 19.9% to 1.34 TWh, the production of thermal energy increased by 6.8% to 604 GWh, and pellet production increased by 1% to 156,000 tons.