Type Private Key people Martin Kruus (CEO) Headquarters Tallinn Parent organization Vardar Eurus AS | Industry Renewable energy Website www.4energia.ee Founded 2005 | |
Nelja Energia (also branded as 4Energia) is a renewable energy developer based in Tallinn, Estonia. The main areas of business of the company are the development of the renewable energy industry and the operation of power production. The name of the company, meaning Energy of Four, is referring to the four type of renewable energy: wind, water, biomass and solar. The company is focused on the renewable energy development in the Baltic countries. The CEO of the company is Martin Kruus.
Nelja Energia owns and operates eleven wind farms in Estonia with the total capacity of 140.8 MW, and four wind farms in Lithuania with the total capacity of 78.9 MW. In addition, the company operates two biogas-fuelled co-generation plants in Estonia.
The company operates since 2005. 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 the 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. The main shareholder of Nelja Energia is Vardar Eurus (77%). Estonian private investors own 23% of the shares.