Investment & Fund Management
supported by EU
Full Credential Description
Energate, a company based in Tallinn, specializes in last-mile natural gas distribution in Estonia, serving customers in both urban and remote areas. The company has been operational since 2008, successfully supplying natural gas while also venturing into renewable energy by developing wind farming projects. The CEO, Hardi Sui, emphasizes the importance of diversifying energy offerings to meet the evolving demands of consumers, combining traditional energy sources with clean, renewable options.
To support its transition towards renewable energy, Energate sought investment to establish an 18MW wind farm in south-west Estonia. BaltCap, a venture capital and private equity firm, recognized the potential of Energate's business model and provided the necessary capital. This investment, supported by EU funds, enabled Energate to move forward with its wind farm project, positioning the company as a leader in renewable energy within the region.
As a result of its strategic initiatives, Energate has significantly consolidated Estonia's fragmented gas network, operating over 100 kilometers of pipeline and becoming the third-largest gas distribution company in the country. The company aims to be at the forefront of renewable energy, demonstrating a commitment to innovation and sustainability in the energy sector.