Enefit Green and Sumitomo Corporation have inked an agreement to partner for the development of the Liivi Bay offshore wind farm in the Gulf of Riga in the Baltic Sea. Under this agreement, Enefit Green will sell 50 per cent stake in Liivi Offshore OÜ to Sumitomo Corporation. Liivi Offshore OÜ is the project company for this offshore wind farm.
The wind farm is expected to consist of up to 84 turbines with a maximum total capacity of 1000 MW. Its estimated annual electricity generation could reach up to 4 TWh. Furthermore, the project is expected to take part in an upcoming auction organised by the Estonian government to attract international lenders and suppliers. The construction of the wind farm is anticipated to be completed by 2032.
Both Enefit Energy and Sumitomo Corporation have been expanding in the wind energy sector. In August 2024, Sumitomo Corporation partnered with JGC Japan Corporation for the detailed design, manufacturing, and delivery of floating structural components for floating offshore wind power generation. Earlier in April 2024, Enefit Green’s subsidiary Enefit Green sp. z o.o. inked a development agreement with Polish RES Global Investment sp. z o.o. for early-stage onshore wind projects in Poland.
