Greenbit Energy
1 known investors
GreenBit operates renewable energy production on the Estonian island of Saaremaa, running three wind turbines with 2MW output and solar panels adding 0.53MW. The company has produced energy from wind turbines since 2012 and is connected to the state grid as backup.
Also known as GreenBit
Investors · 1
Company profile
researched Aug 2026Greenbit Energy is a renewable energy producer operating on Saaremaa, an Estonian island roughly 20 km from the mainland. The company generates electricity from a combination of wind turbines and solar panels, stating that the pairing of the two sources gives it more stable production and a lower cost of energy than the state grid.
Its wind fleet consists of three turbines with a combined output of 2MW, including a Vestas turbine with an 85-metre tower height and 0.65MW of output power. At the end of 2018 the company installed 1,680 Maysun ms(280-320) m-72 series solar panels with a total output of 0.53MW (the site elsewhere cites a 0.5MW panel array total). The company also maintains a connection to the state energy grid as a backup so supply continues if weather or technical issues interrupt its own generation.
▸Full profile — market position, technology, geography, history
Market position
A small, locally focused renewable generator producing wind and solar power on Saaremaa, positioning its output as lower cost than power from the state grid.
The company attributes its position to combining wind and solar generation for steadier year-round output, siting on an island with high wind and solar resource and moderated temperatures, and experience in turbine operation dating from 2012.
Technology
Generation assets combine utility-scale wind turbines and ground-based photovoltaics. The wind fleet includes a Vestas turbine with an 85-metre tower and 0.65MW rated output, with three turbines totalling 2MW. The solar plant uses 1,680 Maysun ms(280-320) m-72 series modules. A state grid connection serves as backup supply.
Geography
Operations are located on Saaremaa, an island in the Baltic Sea about 20 km from mainland Estonia. The company describes the island as among the sunniest and windiest land areas in the Baltic Sea, with maritime-moderated temperatures that it says improve solar plant efficiency.
History
The company states it has worked with wind turbines and energy production since 2012, building operating experience with turbine-based generation. At the end of 2018 it added a solar array to its Saaremaa site, complementing the existing wind capacity.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsGreenbit Energy installed new solar panels with a total output of 0.53MW at the end of 2018, adding solar to its existing wind generation on Saaremaa to stabilise output and lower energy production cost.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- Greenbit Energygreenbit.energy · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Greenbit Energy do?
- Estonian renewable energy producer generating power from wind turbines and solar panels on the island of Saaremaa.
- Who are Greenbit Energy's investors?
- Greenbit Energy's investors include Yolo Investments.