Published: 19.03.2025
Estiko Partners with Finnish Investment Fund for Southern Estonia’s Largest Solar Park Development
Estiko has signed a cooperation agreement with the Finnish investment fund UB Renewable Energy, selling a 49% stake in the Estiko Raadi solar power plant and its developer, Estiko Energia.
Published: 06.02.2025
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Tartu Kalev/Estiko insured a place in the semi-final.
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Tartu City Government launched the Riia 142 detailed plan for the construction of office buildings.
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Eesti Energia to build Estiko’s first solar power plant on the roof of Tasku.
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The annual spring vocational competition “Achievement of the Year 2018."
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The Wind Sculpted Land. This winter will rejoice nature film makers
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Published: 22.02.2018
Women’s first league is offering an exciting show as just one round before the end of the main tournament, top three teams are separated by only two points.
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Silver Leppik is back in Tartu and is now playing for the front league team Tartu Kalev/Estiko.
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The group company Estiko supports the production of the nature film “The Wind Sculpted Land” by Joosep Matjus
A hundred years of the Republic of Estonia
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ESTIKO
Published: 29.09.2017
Tartu City Government presented the winners of the “Enterprise of the Year 2016”
Estiko
Published: 12.09.2017
Tartu elected the best enterprises of the year. The title of the enterprise creating the most jobs was awarded to OÜ Lydia Hotell that provided 59 new positions in 2016
Estiko
Published: 21.04.2017
Tartu Kalev/Estiko in the Saku I league finals
Estonian Basketball Association
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The new hotel built on Ülikooli street is named Lydia
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Rafters party at the Ülikooli 14 hotel
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Last added article

Estiko Partners with Finnish Investment Fund for Southern Estonia’s Largest Solar Park Development

Published: 19.03.2025
Estiko has signed a cooperation agreement with the Finnish investment fund UB Renewable Energy, selling a 49% stake in the Estiko Raadi solar power plant and its developer, Estiko Energia.

Set to be completed next year, this will be the largest solar park in Southern Estonia, spanning 106 hectares with a production capacity of 75 MW—enough to cover 75% of Tartu’s annual electricity consumption. The park’s potential capacity could reach up to 100 MW.

“The Raadi solar power plant is more than just an energy project—it’s a major step toward a greener future for Tartu and all of Estonia. Our goal is to expand the use of renewable energy and provide both local businesses and residents with clean and sustainable electricity,” emphasized Ain Tammvere, CEO of Estiko Energia.

The new solar park’s production will meet 75% of Tartu’s annual electricity demand and also supply green energy to Estiko Group companies and other entities within the group.

“For us, economic growth and environmental sustainability must go hand in hand,” said Kristo Seli, CEO of Estiko Group. “That’s why we are developing the Raadi solar power plant on a former military airfield while carefully considering the preservation of rare plant species and ensuring the free movement of small wildlife.”

In addition to developing the solar power plant, Estiko is working on energy storage solutions to reduce grid load during peak hours and ensure stable energy use. The company has also devised a green hydrogen production plan, with the aim of transitioning Tartu’s public transportation system to environmentally friendly hydrogen buses by 2030.

“Our vision is to create the Raadi Energy Hub—a center where renewable energy is maximized, stored, and efficiently distributed to enhance system flexibility and resilience. This hub will be dedicated to renewable energy production, storage, and distribution, driving a new era of energy infrastructure in Tartu and Southern Estonia,” explained Tammvere.

Currently, 15,288 solar panels have been installed at Raadi, with the second phase increasing this number to 103,668. Construction is set to begin in the coming months. The park will feature advanced bifacial panels that generate electricity from reflected sunlight and tracking systems that follow the sun’s movement, increasing efficiency by 30% compared to fixed panels. Once completed, the Raadi solar park will expand Estiko’s renewable energy production capacity fivefold.

Estiko is the largest investment group in Southern Estonia, focusing on packaging and material production, real estate development and management, hospitality services, and energy production. The company employs over 400 people, and in 2023, its revenue reached nearly €73 million.