Baltcap (Estonia)

“Energate, a gate to energy”, says its logo. This company operates last-mile natural gas distribution in Estonia for customers around Tallinn and Tartu, including those in the most remote locations. It is also a gate to green energy since it has recently started to develop wind farming projects. Energate’s CEO Hardi Sui is convinced that the combination of clean and renewable energy with more traditional resources offered by his company provides the best diversified offer for today’s consumers’ changing needs and demands. “We have successfully and efficiently supplied Estonia with natural gas since 2008 and it is time for us to look to the future and consider new technologies”, he says. “BaltCap, the venture capital and private equity firm, believed in our business model and provided the capital we needed to prepare for the set-up of an 18MW wind farm in south-west Estonia. These EU funds have helped us to make this project a reality and to establish that wind farms are the energy providers of tomorrow”. Energate has substantially consolidated a fragmented gas network in Estonia. It operates over 100 kms of pipeline, is currently the third largest gas distribution company in Estonia and intends to be at the forefront of renewable energy in the region.

Company: Energate, Tallinn
Type of business: Wind farms and gas distribution
EU-supported investment through BaltCap

For further information about EIF intermediaries in Estonia, please refer to:
http://www.eif.org/what_we_do/where/ee/index.htm