Enefit Green and Sumitomo Corporation have mutually agreed to terminate their partnership on the 1-gigawatt (GW) Liivi Bay offshore wind farm project in Estonia, the companies said on Tuesday.
The decision followed joint discussions regarding the country’s offshore wind outlook and prevailing market and regulatory conditions. Enefit Green cited the absence of a state commitment to implement contracts for difference or other long-term investment mechanisms as a key factor affecting the project’s viability.
“Offshore wind has a vital role to play in Estonia’s future energy mix, but this requires more than just a strong project – it requires long-term political and financial commitment,” said Enefit Green Chairman Juhan Aguraiuja.
Aguraiuja added that Enefit Green would complete permitting and environmental impact assessments to preserve future development options but would pause further progress until “more certain times.”
Sumitomo expressed appreciation for Enefit Green as a trusted partner and acknowledged their joint efforts to advance offshore wind in Estonia.
The Liivi Bay project, planned to include up to 84 turbines with a maximum capacity of 1 GW, is expected to generate as much as 4 terawatt-hours (TWh) annually. The site is located in the Gulf of Riga, approximately 11 km from Kihnu Island and 16 km from Haademeeste.
