Finland Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

Pages: 67 Published: December 29, 2022 Report Code: GDPE2305ICR

Finland Power Market Report Overview 

The cumulative installed capacity in the Finland power market was 18.5 GW in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period. Electricity consumption declined by 5.7% in 2020 as compared to 2019 due to national lockdowns imposed by the Finnish government to curb the spread of COVID-19. However, consumption levels increased by 6.9% in 2021 compared to 2020.

The Finland power market research report discusses the power market structure of Finland and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, market structure, power capacity and generation, regulations, transmission and distribution overview, electricity import and export scenario, leading power generating companies and their SWOT analysis, and future potential in the market.

Finland Power Market Outlook

Finland Power Market Outlook

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Finland Power Market Dynamics

Finland has a highly developed market-based industrialized economy. The country joined the European Union (EU) in 1995 and the Eurozone in 1999. The country adopted the Euro as its national currency in 2002 and since then, the country has witnessed rapid growth. The country’s major imports are crude petroleum, vehicle parts, and broadcasting equipment, whereas major exports are refined petroleum, kaolin-coated paper, cars, and vegetable parchment. The country’s major trading partners are Germany, Sweden, Russia, China, and the US.

The Finnish Energy Authority, Energiavirasto, is a licensing and regulatory authority that regulates and promotes the operation of the electricity and gas markets, emission reductions, energy efficiency and the use of renewable energy in Finland. The Energy Authority conducts auctions for renewable power projects and governs the Feed-in Tariff scheme (FiT) in the country. It is to be noted that FiTs for new renewable power projects were stopped in 2018 and replaced by competitive bidding/auctions and is currently the major subsidy for new renewable power projects.

Finland Power Market Segmentation by Sectors

The key sectors in the Finland power market are the residential sector, commercial sector, industrial sector, and transport sector among others. In 2021, the industrial sector had the dominant share in the power consumption market followed by the residential and commercial sectors.

Finland Power Market Analysis by Sectors

Finland Power Market Analysis by SectorsFor more sector insights into the Finland power market, download a free report sample

Finland Power Market – Competitive Landscape

Some of the key players in the Finland power market are Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy. In 2021, Finland’s power generation market was dominated by Fortum Corp.

Finland Power Market Analysis by Key Players

Finland Power Market Analysis by Key Players

To know more about key players in the Finland power sector, download a free report sample

Market report scope

Market Size (Year – 2021) 18.5 GW
Growth Rate (CAGR) >4%
Forecast Period 2022-2035
Key Sectors Residential Sector, Commercial Sector, Industrial Sector, and Transport Sector
Key Players Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Key Players

Fortum Corp
Pohjolan Voima Oy
Teollisuuden Voima Oyj

Table of Contents

| Table of Contents

1. Executive Summary

1.1 Renewable power capacity share to witness steep rise in Finland

1.2 Onshore wind and biopower to lead renewable power market in Finland

2. Introduction

2.1 Finland Power Market

2.2 GlobalData Report Guidance

3. Finland Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Finland Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

 Deal Value and Volume, 2010–2021

 Deals by Type, 2021

4.4 Finland Power Market, Demand Structure

 Power Consumption by Sector, 2021

5. Finland Power Market, Regulatory Scenario

5.1 Thermal Power Policy

5.2 Nuclear Power Policy

5.3 Hydropower Policy, Finland, Overview

5.4 Renewable Energy Market, Overview

5.5 Renewable Energy Targets

5.6 National Energy and Climate Strategy of Finland for 2030

5.7 National Recovery and Resilience Plan – Green Transition

5.8 National Energy and Climate Plan (NECP) 2021-2030

5.9 Hydrogen Energy

5.10 Competitive Tender/ Auctions

 First Round of Auctions

 Upcoming Auctions and Latest Developments

5.11 Incentives for phasing out coal power

5.12 Energy Aid

5.13 Biofuel obligation in Transport, Heating, and Machinery

5.14 Smart Metering in Finland

 Smart Grids and Energy Markets program (SGEM)

5.15 Energy Efficiency Agreement for Municipalities 2017–2025

5.16 Energy Grants for Residential Buildings

6. Finland Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.2 Thermal Power Capacity and Generation, 2010–2035

6.3 Hydropower Capacity and Generation, 2010–2035

6.4 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7. Finland Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

7.5 Electricity Trading

8. Finland Power Market, Major Generating Companies

8.1 Fortum Corp

 Company Overview

 Business Description

 SWOT Overview

8.2 Pohjolan Voima Oy

 Company Overview

 Business Description

 SWOT Overview

8.3 Teollisuuden Voima Oyj

 Company Overview

 Business Description

 SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

 Power

 Renewable Power

 Installed Capacity

 Electricity Generation

 Electricity Consumption

9.3 Methodology

 Coverage

 Secondary Research

 Primary Research

 Modelling and Forecasting

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List of Tables

| List of Tables

Table 1: Power Market, Finland, Macroeconomic Factors, 2010–2030

Table 2: Energy and Emission Targets, NECP, Finland, 2021-2030

Table 3: First Renewable Energy Auction, Finland, 2019

Table 4: Power Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Table 5: Power Market, Finland, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 6: Thermal Power Market, Finland, Cumulative Capacity and Annual Generation, 2015–2035

Table 7: Thermal Power Market, Finland, Major Plants, 2021

Table 8: Hydropower Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Hydropower Market, Finland, Major Plants, 2021

Table 10: Nuclear Power Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Nuclear Power Market, Finland, Major Plants, 2021

Table 12: Renewable Power Market, Finland, Cumulative Capacity (GW), 2010–2035

Table 13: Renewable Power Market, Finland, Annual Generation (TWh), 2010–2035

Table 14: Renewable Power Market, Finland, Major Plants, 2021

Table 15: Power Market, Finland, Transmission Line Length (Ckm) by Voltage Level, 2010–2026

Table 16: Power Market, Finland, Distribution Line Length (Ckm) by Voltage Level, 2010–2026

Table 17: Power Market, Finland, Annual Electricity Import and Export (TWh), 2000–2021

Table 18: Power Market, Finland, Upcoming Interconnection Projects

Table 19: Abbreviations

List of Figures

| List of Figures

Figure 1: Power Market, Finland, Capacity Share by Technology, 2010–2035

Figure 2: Renewable Power Market, Finland, Cumulative Capacity, 2010–2035

Figure 3: Power Market, Finland, Country Summary

Figure 4: Power Market, Finland, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Finland, Market Structure

Figure 6: Power Market, Finland, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Finland, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, Finland, Deals by Type (%), 2021

Figure 9: Power Market, Finland, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Finland, Power Consumption by Sector (%), 2021

Figure 11: Power Market, Finland, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Finland, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Finland, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Nuclear Power Market, Finland, Cumulative Capacity and Annual Generation, 2010–2035

Figure 18: Renewable Power Market, Finland, Cumulative Capacity, 2010–2035

Figure 19: Renewable Power Market, Finland, Annual Generation, 2010–2035

Figure 20: Power Market, Finland, Annual Electricity Import and Export, 2000–2021

Frequently Asked Questions

The cumulative installed cumulative in the Finland power market was 18.5 GW in 2021.

The power market in Finland is expected to grow at a CAGR of more than 4% during the forecast period.

The key sectors in the Finland power market are the residential sector, commercial sector, industrial sector, and transport sector.

Some of the key players in the Finland power market are Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy.

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