Eesti Energia AS

Eesti Energia AS is a state-owned international energy company headquartered in Tallinn, Estonia. Its core business encompasses electricity generation, shale oil production, and the sale and distribution of electricity, heat, and fuel. The company's mission is to ensure energy supply that supports economic sustainability and aligns with the European Union's energy and climate policy objectives, aiming for carbon neutrality by 2045 through its "Journey to Zero" strategy.

The company's key products and services include electricity, gas, heat, and various energy solutions such as solar panels, energy storage, heat pumps, and electric vehicle charging infrastructure, often offered under its international brand, Enefit. Eesti Energia operates across the Baltic countries (Estonia, Latvia, Lithuania), Finland, Poland, Jordan, and the United States, serving over 560,000 retail customers in its primary European markets.

In recent developments, Eesti Energia underwent a significant corporate restructuring, effective January 1, 2026, consolidating its operations into three main subsidiaries: Enefit (electricity business), Enefit Industry (industrial operations), and Elektrilevi (distribution network). This reorganization aims to enhance profitability, investment capacity, and competitiveness. The company also fully acquired and delisted its renewable energy subsidiary, Enefit Green, on August 1, 2025, integrating its assets back into the group. Led by Chairman and CEO Andrus Durejko, Eesti Energia was recognized as Estonia's most valuable company in 2024, with a valuation of €3.35 billion, and continues to expand its renewable energy portfolio, with over half of its electricity production coming from renewable sources.