Electricity is a success story for Finland. Over the past ten years, more than 10,000 megawatts of clean electricity production has been added to Finland’s electricity system through Olkiluoto 3 and wind power.
At the same time, carbon dioxide emissions from electricity production have been slashed to a quarter, and last year, Finland had the cheapest electricity in Europe.
Fingrid, the Finnish transmission system operator, is laying the foundations for a clean future by developing the transmission grid and electricity market, and by ensuring the functionality and reliability of the electricity system.
Our new strategy is leading the way. Its three main objectives are to meet changing customer needs, to develop our own operations, and to build security. The energy transition is changing our customers’ businesses, technology solutions, and needs.
Our job is to find new solutions to meet changing customer needs. We aim to connect more customers to the grid more quickly with flexible connection solutions and direct customers to connect to parts of the grid where capacity is available.
We are preparing for darker days while the sun still shines.
Clean new electricity production and growing electricity consumption are increasingly geographically dispersed. Fingrid is building the electricity grid to meet the needs of a changing electricity system faster and more efficiently, but also responsibly.
The ambitious 10-year, €5.2-billion investment plan for the transmission grid will require good investment capacity based on a balanced budget. It demands efficient operations, the use of technology, and good management.
Electricity infrastructure is the basis for the security of supply and the functioning of society. In an evolving security environment, critical infrastructure must be protected and preparedness for emergencies must be improved.
The new strategy is a means of preparing for darker days while the sun is still shining.
The energy transition marches on and cannot be made to wait. Fingrid’s strategy points the way forward. Together with our customers – present and future – and other stakeholders, we will continue to work for a clean, secure and competitive electricity system.
Asta Sihvonen-Punkka
CEO
Fingrid Oyj
