Enefit Green AS reported production results for the month of September and third quarter 2023. For the month, the company's production result was most affected by the 54.6% increase in wind energy production to the level of 72.5 GWh, which was supported by 14.7 GWh of production from the new wind farms under construction and completed
this year (ca 57% of the increase in the volume of wind energy production). Wind energy production was also supported by better wind conditions than last year in Estonia, where the average wind speed in Enefit Green's wind farms in September reached 6.0 m/s compared to 5.0 m/s a year ago. In Lithuanian wind farms, the wind speed was stable at 5.6 m/s compared to last year. Significant electricity production volume growth was also recorded in the cogeneration (+127% y-o-y in September) and solar (+153%) segments. In cogeneration, the main reason was the low base level, which was caused by the prolonged production shutdown of the Iru power plant last September. In the solar energy segment, most of the growth was provided by new solar farms that started production this year.

For the quarter, In the third quarter as a whole, electricity production increased by 37.0% to 259.1 GWh. Main driver was the volume growth of wind energy production (+31.3% y-o-y), followed by the solar energy and cogeneration segments. Similarly to the previous quarter, new wind and solar farms (+38.1 and +14.9 GWh, respectively) contributed a
strong 53 GWh to electricity production.