Electricity Industry Profiles—Finland

Electricity Industry Profiles—Finland

Finland is a net importer of electricity. Most of its imports originate from Russia, but it plans to build additional nuclear power plants to decrease this dependency. The share of nuclear power in electricity generation will increase when the new Olkiluoto 3 EPR nuclear power plant becomes operational in 2018 (assuming there are no final delays).

In 2015, almost 80% of the electricity generated in Finland was emission-free. Frost & Sullivan projects that by 2030, approximately 92% of the electricity generated would be emission free and the share of renewables in electricity generation will reach approximately 56% by 2030.

The Finnish Transmission System Operator, Fingrid, is currently upgrading the grid to allow smooth transmission from the new wind and other renewable energy sources (RES) installations being built in the northern part of the country.

Finland does not have its own fossil fuels – coal, oil or natural gas – but does have large reserves of biofuels, peat, and extensive wood resources. These resources will play a vital role in the Finnish energy transition.

  • Executive Summary
    • Executive Summary-Finland
  • Research Scope and Methodology
    • Research Scope
    • Research Profile
    • Forecasting Methodology
  • Finland
    • Key Findings
    • Drivers
    • Drivers Explained
    • Restraints
    • Restraints Explained
    • Electricity Market Overview
      • Table Electricity Industry Profiles: Electricity Production, Finland, 2015
    • Energy Policy
    • Fuel Mix Forecast
      • Table Electricity Market: Percent Installed Plant Capacity, Finland, 2015, 2020, and 2030
      • Table Electricity Market: Percent Electricity Generated, Ireland, 2015, 2020, and 2030
    • Installed Capacity Forecast
    • Power Capacity Investment
    • Support Mechanisms and Major Incentives
    • Electricity Generation
    • Electricity Distribution Market
    • Electricity Retail Market
    • Transmission Network
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1-Vertical Integration
    • Strategic Imperatives for Power and Energy Companies

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