Wind Power Abroad
The aim of Vardar Eurus AS is to develop, invest, own and operate plants for the production of renewable energy in the Baltic States and in Northwest Russia. All investments are made through the Estonian subsidiary Nelja Energia, where Vardar Eurus has an ownership interest of 77 per cent.
Due to the lack of a regulatory framework, no investments have yet been made in Northwest Russia.
Organisation chart for Wind Power Abroad
| VARDAR AS |
| 90% |
| Vardar Eurus AS |
| 77% |
| Nelja Energia AS |
Nelja Energia AS
The main areas of business of Nelja Energia AS are the development of renewable energy industry and the operation of power production. Nelja (Estonian word for four) refers to focus on four renewable energy sources - wind, water, biomass and solar. The Group has following structure:
Nelja Energia has by the end of 2016 a market share of almost 40% of the renewable energy production from wind in the Baltic market.
Nelja Energia's wind power portfolio - development of installed power capacity, MW:
Overview of the various wind power projects:
| Wind farm | Company | Country | Status | Capacity (MW) |
| Virtsu I | Hanila Tuulepargid OÜ | Estonia | In operation since 2002 | 1.2 |
| Virtsu II | Hanila Tuulepargid OÜ | Estonia | In operation since 2008 | 6.9 |
| Virtsu III | Hanila Tuulepargid OÜ | Estonia | In operation since 2010 | 6.9 |
| Esivere | Hanila Tuulepargid OÜ | Estonia | In operation since 2005 | 8.0 |
| Tooma I | Hanila Tuulepargid OÜ | Estonia | In operation since 2010 | 16.0 |
| Tooma II | Hanila Tuulepargid OÜ | Estonia | In operation since 2017 | 7.0 |
| Viru-Nigula | VV Tuulepargid OÜ | Estonia | In operation since 2007 | 21.0 |
| Vanaküla | VV Tuulepargid OÜ | Estonia | In operation since 2009 | 9.0 |
| Pakri | Pakri Tuulepargid OÜ | Estonia | In operation since 2005 | 18.4 |
| Paldiski | Pakri Tuulepargid OÜ | Estonia | In operation since 2012 | 22.5 |
| Aseriaru | Aseriaru Tuulepark OÜ | Estonia | In operation since 2011 | 24.0 |
| Ojaküla | Oceanside OÜ | Estonia | In operation since 2013 | 6.9 |
| Mockiai | Inverneta UAB | Lithuania | In operation since 2010 | 12.0 |
| Sudenai | Sudenu vejo Elektra UAB |
Lithuania | In operation since 2008 | 14.0 |
| Šilale | Silales vejo Elektra UAB |
Lithuania | In operation since 2012 | 13.8 |
| Ciuteliai | Naujoji Energija UAB | Lithuania | In operation since 2012 | 39.1 |
| Šilute | Šilutes vejo projektai UAB | Lithuania | In operation since 2016 | 60.0 |
| Total in operation onshore | 286.7 | |||
| Šilute II, III and IV | UAB Šilutės vėjo parkas 2 |
Lithuania | Under development | 120.0 |
| Akmene | UAB Vejo Parkai | Lithuania | Under development | 63.0 |
| Kelme | UAB Energijos ara | Lithuania | Under development | 60.0 |
| Šilale II | Silale vejas UAB | Lithuania | Under development | 50.0 |
| Dundaga | Enercom SIA | Latvia | Under development | 50.0 |
| Total under development onshore | 343.0 | |||
| Lithuanian offshore | Baltic Energy Group UAB |
Lithuania | Under development | 400.0 |
| Hiiumaa offshore | OÜ Hiiumaa Offshore Tuulepark | Estonia | Under development | 700.0 |
| Total under development offshore | 1100.0 | |||
| TOTAL | 1729.7 | |||
| BIOGAS PLANTS | ||||
| Biogas plants | OÜ 4E Biofond | Estonia | In operation since 2013 | |
| CHP | SIA Technological Solutions | Latvia | In operation since 2016 | |
| Wood pellet production | SIA Pellet 4Energia | Latvia | In operation since 2016 | |