In June, Technology Finland published its industry roadmap, which supports the goal of making Finland climate neutral by 2035. The key factors will be functional markets, RDI activities and low-emission electricity.
Solutions that turn electricity into a product – known as Power-to-X solutions – support emission-free, renewable electricity generation and introduce flexibility to electricity consumption. Electricity can also be used to produce carbon neutral or even carbon negative products that can be transported and stored. Fingrid is making preparations for a significant increase in electricity consumption in the coming decades.
Wpd Finland is building its operations on long-term power purchase agreements (PPAs). It follows the same long-term policy in the technical and financial services agreements for wind farms – agreements that cover the entire service lifetimes of the farms.
Ilmatar Windpower Plc, which has been building wind farms for almost ten years, is taking the wind power sector into a whole new size category with its Pyhäntä and Kajaani wind farms, which are currently under construction. The wind farm comprising 41 turbines breaks all current records, both in terms of the number of turbines and its output.
An industrial-scale production plant planned in Lappeenranta aims to produce 27,000 tonnes of synthetic methanol annually. The carbon and hydrogen required to synthesise methanol are the by-products of the chemical and cement industries.
Energy companies have taken a serious approach to preparations for a carbon-neutral future. Vantaa Energy is seeking to stop using coal by autumn 2022, when the extension to its waste-to-energy plant is commissioned. This action is approximately seven years ahead of its time, as a Government decision calls for the prevention of coal as a fuel for electricity and heating in May 2029.
Tourism company Hullu Poro is introducing a virtual power plant service in Kittilä to enable connections to reserve markets, which balance out electricity generation and consumption. The Aurora Pyramids suites have recently been connected to the service. The solution helps support sustainable development, but the company also benefits financially.
Competition for customers and improvements to profitability are driving electricity companies to work together. Several new national operators have entered the electricity retail market via corporate acquisitions as local electricity companies have consolidated their sales operations. Further consolidation is to be expected in the electricity industry.
Fossil fuels are being replaced by biomass and waste heat. Business Development Manager Pirjo Jantunen tells about solutions for the future.
The Fast Frequency Reserve (FFR) is a Nordic reserve product that will be rolled out in spring 2020.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
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Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.
