Fingrid’s electricity system vision outlines long-term development paths for Finland’s energy system using various scenarios. The aim is not to predict the future but to create a vision of what is required from the development of the grid to enable different development paths.
Updated Transmission Grid Investment Plan Creates Conditions for Sustainable Growth
Clean, affordable and reliable electricity is a key factor for Finland’s competitiveness. Fingrid is boosting its transmission grid investment plan and developing the transmission grid to allow Finland to sustainably and efficiently meet the growing electricity needs of industry and society. The company estimates that total investments will reach EUR 5.2 billion by 2035.
Fingrid has revised its ESG metrics and targets strategically up to 2030. The actions required by the new targets are now being identified and scheduled throughout the organisation. This is complemented by cooperation with contractors and other partners.
Green Transition Increases the Number of Substations
One of the largest substations in Finland is Jylkkä, which connects the numerous wind farms in Ostrobothnia to the grid. The electricity produced by wind turbines uses inverter technology, which requires a synchronous compensator plant.
Fingrid Group – Management’s Review 1.1.–30.9.2025
In January–September, 1,178 MW of new renewable production capacity was connected to the electricity system of Finland. Electricity consumption grew moderately, and the electricity consumed was clean, which was reflected in a lower emission factor. Fingrid’s turnover for January–September 2025 decreased due to the low price of imbalance power and amounted to EUR 791.2 million (961.6). The result for the period improved and was EUR 128.0 million (111.4). The company estimates that its gross capital expenditure in 2025–2028 will amount to roughly EUR 2.0 billion.
Fingrid Secures Transmission Capacity for Growth in Electricity Consumption and New Industrial Investments – Restrictions on New Energy Storage Facility Connections Continued in Southern Finland
