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's activity report 2022

TMV Green OÜ, a company established in 2021, continues to thrive and make significant strides in the renewable energy sector. The primary objective of this forward-thinking company is to develop renewable energy projects and contribute significantly to the achievement of Estonia's national renewable energy goals. The company's focus is on medium and large-scale renewable energy projects that participate in the competitive production cost price on the international Nordpool market. These projects are developed considering excellent wind conditions, reasonable electricity connection solutions, and optimal wind turbine placement.

In 2022, TMV Green OÜ remained committed to its core business and continued the development of projects initiated in 2021. The main focus was on acquiring the usage rights of lands under wind parks and initiating or supporting planning in cooperation with local governments. The company expanded its workforce by one to enhance its capability to implement activities. The total volume of the renewable energy project portfolio grew to 2500 MW.

At the beginning of 2022, TMV Green OÜ entered into a cooperation agreement with OX2 AB. Together, they are developing and building wind parks in Estonia. OX2 AB is an experienced Swedish renewable energy company and one of the largest wind park builders in Europe over the past five years. This collaboration brings new dimensions to financial capability and introduces the best wind energy development practices to Estonia.

In 2023, TMV Green OÜ will continue with its targeted development activities and the realization of necessary investments. During the reporting year, the company plans to recruit new employees due to the increase in workload and to strengthen the team with knowledge and experience.

In the coming years, TMV Green OÜ aims to implement targeted renewable energy development activities. In addition, the company plans to analyze and implement new technology usage possibilities. Furthermore, the company intends to look beyond Estonian developments to new markets. This strategic move is a testament to the company's ambition to expand its influence and make a more significant impact on the global renewable energy landscape.