About Finland s new outdoor power supply market
The electricity sector inrelies on , ,and electricity import from neighboring countries. Finland has the highest per-capita electricity consumption in the EU.Co-generation of heat and electricity for industry process heat and district heating is common. Finland is one of the last countries in the world still .As part of theFinland has been replacing electricity generation fromwith.
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About Finland s new outdoor power supply market video introduction
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6 FAQs about [Finland s new outdoor power supply market]
Does Finland have a nuclear power plant?
As part of the energy transition Finland has been replacing electricity generation from fossil fuels with nuclear power and renewables. Wind power in particular has grown to be a significant part of electricity generation. A fifth nuclear reactor, Olkiluoto 3 was commissioned in 2023 and increased nuclear power generation by over 50%.
How much power will Finland have in winter?
The national grid operator Fingrid, together with TSOs from other Nordic countries, produces yearly estimates about the availability of power in the winter demand peak. In 2019-2020 they estimated a peak Finnish demand of 15.3 GW, during which Finland would have 11.9 GW of production capacity, not including capacity reserves.
How much wind power does Finland have?
By the end of 2022, Finland's wind power capacity reached 5,677 MW with 1,393 turbines installed. That year, wind power production increased by 41% to 11.6 TWh, representing 14.1% of the country's electricity consumption.
How much power does Finland produce in 2023?
As of 2023, the total capacity of power generation in Finland is 19.7 GW. However, not all of that is available at the same time and an increasing amount is intermittent generation, mostly from wind power (see below). Grid batteries are being installed, such as the 60 MWh Simojoki BESS.
What fuels does Finland use?
Except for peat, which is variously classed as either a fossil fuel or a slow-renewable fuel, Finland imports all the fossil fuels used for electricity production. Coal and natural gas account for most of the production, with some oil generators acting mostly as reserve.
How many GW will Finland have in 2019-2020?
In 2019-2020 they estimated a peak Finnish demand of 15.3 GW, during which Finland would have 11.9 GW of production capacity, not including capacity reserves. That would have meant a shortfall of 3.4 GW to be imported from neighbors.
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