In the last few years, mitigating climate change has become one of the key corporate responsibility themes. At the same time, green bonds have become a financing trend. Fingrid issued Finland’s first green corporate bond in 2017.
Fingrid is constantly on the lookout for new ways to take advantage of transmission line rights-of-way. Organic collection areas and insect hotels are among the latest experiments.
Although some time has passed since the market was opened up, many transmission system operators still lack clarity as to their role in the electricity market. Fingrid endeavours to provide 100 per cent of its transmission capacity to the market.
The work to upgrade the Lake Line from Oulu to Lappeenranta to a 400-kilovolt transmission line began in the summer and autumn with the planning of environmental impact assessments (EIAs). The first projects to be assessed are the Vaala–Joroinen project and the Rovaniemi–Vaala project further north.
Congestion income provides Fingrid with hundreds of millions of euros for developing the main grid.
The boundaries between the responsibility for occupational safety and ensuring safety can sometimes be indistinct for the client and supplier. The successful management, leadership and development of occupational safety requires that both parties are aware of their responsibility and tasks related to it. On the basis of feedback from suppliers, Fingrid began a project entitled Crystal-Clear Line in August 2019 to improve and maintain a high standard of occupational safety.
Fingrid’s objective is to ensure that everyone working on our worksites gets home safely and healthily at the end of every working day. We have worked with our suppliers for several years to reach this objective. Thanks to our long-term occupational safety work, we have succeeded in reducing the number of accidents in the workplace and the lost-time injury frequency. Unfortunately, the lost-time injury frequency increased year-on-year in 2019.
The Forest Line, which will be completed in 2022, is a transmission line connection between Petäjävesi in Central Finland and Muhos in North Ostrobothnia. The tree-clearing work, which began in autumn 2019, is a major job, requiring the removal of 60,000 cubic metres of material.
In order to enable Finland to reach its climate targets, Fingrid must ensure that renewable energy producers are connected to the main grid and that the energy is transmitted onwards for customers and society to use.
International climate agreements are driving the search for ways of minimising carbon dioxide emissions, so many parties are interested in how much carbon dioxide is released by electricity generation.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
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Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.
