Fingrid Newsletter 2/2025

2/2025

FINGRID

NEWSLETTER

Fingrid and Svenska kraftnät initiate planning for Fenno-Skan 3 submarine cable between Finland and Sweden

Fingrid and Svenska kraftnät have signed a Letter of Intent to begin planning Fenno-Skan 3, a new 800 MW submarine electricity link between Finland and Sweden. Scheduled for completion by 2038, it will replace the aging Fenno-Skan 1 and raise total capacity to 1600 MW.

Fingrid Commits to Significant Reductions in Greenhouse Gas Emissions

Fingrid’s greenhouse gas reduction targets have been officially approved by the Science Based Targets initiative (SBTi). The company commits to cutting its direct emissions (Scope 1) by 42% and indirect emissions (Scope 2) by 53% from 2022 levels by 2030. It also aims to reduce Scope 3 emissions—mainly from material procurement—by 25%. These targets align with the 1.5°C global warming limit.

POWER SYSTEM

New Grid Code Specifications for power plants and grid energy storage systems take effect

EstLink 2 electricity transmission link returned to commercial use

Fingrid improves connection planning and information flow

ELECTRICITY MARKET

Nordic publication on batteries in the Nordic reserve markets

Marketplace for congestion management opens

Prices for the electricity Guarantee of Origin service will be reduced starting from July 1, 2025

CURRENT NEWS

Fingrid’s CFO Jukka Metsälä has resigned

Fingrid Oyj’s Chief Financial Officer, M.Sc., MBA Jukka Metsälä has given notice that he will be stepping down from his role in the company. His last day on the job is 31 July 2025. Metsälä will become Managing Director of CableCrew Oy as of 1 August 2025.

Fingrid’s ISO 27001 information security certificate has been renewed

Finland’s transmission system operator Fingrid’s information security management system meets the requirements of the international ISO 27001 standard. Fingrid’s investments in information security have led to the renewal of its ISO 27001 certificate.

The Nordic TSOs publish joint report: Nordic Grid Development Perspective 2025

The Nordic TSOs publish the report Nordic Grid Development Perspective 2025. In the report we present our perspective on the overall trajectory of the Nordic power system, which is undergoing significant changes with the expansion of renewables, electrification and new industrial demand.

More Fingrid news