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

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Finland Power Market Report Overview

The cumulative installed capacity in the Finland power market was 18.5 GW in 2021 and will grow at a CAGR of more than 4% during 2021-2035. In 2021, the industrial sector had the dominant share in power consumption followed by the residential, commercial, and transport sectors.

Finland Power Market Outlook 2021-2035 (GW)
Finland Power Market Outlook 2021-2035 (GW)

 The market research report discusses the Finland power market structure. It provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also analyzes the Finland power market’s regulatory structure and competitive landscape.

Cumulative Installed Capacity (2021) 18.5 GW
CAGR (2021-2035) >4%
Historical Period 2010-2020
Forecast Period 2021-2035
Regulatory Scenario (Renewable Energy) National Energy and Climate Strategy for 2030
Major Power Generating Companies ·       Fortum Corp

·       Pohjolan Voima Oy

·       Teollisuuden Voima Oyj

Key Deal Types ·       Private Equity

·       Asset Transactions

·       Debt Offerings

·       Partnerships

·       Acquisition

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Finland’s Power Market Regulators

  • The Energy Authority – ‘Energiavirasto’ is the primary authority for the implementation of Finland’s renewable energy policies and of the European Union’s (EU) directives related to renewable energy in the country.
  • In November 2016, Finland presented a new report on the National Energy and Climate Strategy for 2030 and adopted it in 2017. Its main objective was to achieve the targets specified in the Government Programme and adopted in the EU for 2030.
  • As per the EU directive, the Finnish government submitted its National Energy and Climate Plan (NECP) 2021-2030. It included an action plan for achieving the targets set under the country’s previously adopted National Energy and Climate Strategy for 2030.

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Finland Power Market – Competitive Landscape

The major power generating companies in the Finnish power market are Fortum Corp, Pohjolan Voima Oy, Teollisuuden Voima Oyj, Kemijoki Oy, and Tuuliwatti Oy. In 2021, the power generation market in Finland was dominated by Fortum Corp.

Fortum Corp: It is a clean energy company that generates, distributes, and sells heat and electricity. The company undertakes operation and maintenance of power plants; and offers energy-related services. Fortum’s operational assets include hydropower plants, condensing power plants, wind power plants, nuclear reactors, and combined heat and power plants. It generates electricity from hydro, nuclear, natural gas, coal, biofuel, wind, solar, and waste-derived fuels, among others.

Finland Power Market Analysis by Key Players, 2021 (%)
Finland Power Market Analysis by Key Players, 2021 (%)

Finland Power Market by Deal Types

Most of the deals in the power market in Finland were equally closed via both asset transactions and debt offerings in 2022.

Finland Power Market Analysis by Key Deals, 2022 (%)Finland Power Market Analysis by Key Deals 2022 (%)

 

Key Segments Covered in this Report.

Finland Power Market Deal Type Outlook (Value, 2010-2035, GW)

  • Private Equity
  • Asset Transactions
  • Debt Offerings
  • Partnerships
  • Acquisition

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

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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Table

| 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

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

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