Estonian state-owned power utility, Eesti Energia has announced it will develop its second commercial PV project, after it announced plans to expand in the solar energy business, last September.
The company will install a 200 kW rooftop PV system on the production building of Greif printing house operating at Luunja parish near Tartu, southeastern Estonia.
The project will be owned and entirely financed by the company’s renewable energy unit, Enefit Green and will provide power to Greif’s facility under a 25-year PPA. The installation is expected to cover around 20% of the power demand of the building.
“Electricity produced by solar panels will be more favourable to the client than electricity purchased from the network,” Eesti Energia’s board member, Andres Sutt said. “At the same time, the price of solar electricity is fixed for the whole contract period, therefore the more the price of electricity increases, the bigger the saving of the client are,” he added.
The project is scheduled to become operational this summer, the company said.
Eesti Energia’s first solar project was finalized in early January. The 174 kW rooftop installation was built for a dairy farm in Järva County, in the central part of Estonia. “The price of electricity produced from sunlight will be more favourable for the consumer than electricity bought from the network, because there is no network fee for electricity produced from the sun,” said the company at the time.
Eesti Energia is currently proposing solar leasing solutions, as well as turn-key projects for self-consumption to its customers. Under the current Estonian regulations, there is a technology neutral feed-in-premium for all renewables, which amounts to €53.7 ($57.1)/MWh, paid in addition to the wholesale electricity price.
The FIP is paid only for the electricity injected into the grid, and not on self-consumption.