April 2022

Record-breaking wave of
investment in substations

Fingrid has more than a hundred substation projects in progress over two years, and the portfolio of projects underway is huge. For example, the substation in Northern Ostrobothnia is expanded in order to bring the 1,250 megawatts of wind power capacity to the main grid. Investments are being made also in areas such as battery factories, data centres, power to X plants that produce renewable fuels, heat pumps, and electric boilers. Construction is focusing first on substations, but it will then shift to transmission line construction.

Olkiluoto 3 nuclear power plant connected to the main grid

The Olkiluoto 3 nuclear power plant was connected to the main grid on 12th March. Fingrid has made careful preparations for connecting one of the world’s largest power plants. Fingrid, as the party responsible for the power system, will ensure that OL3 meets the applicable technical and functional requirements during the commissioning phase. This way Fingrid is able to ensure system security. During commissioning, the power output will be increased in stages, and the functionality between the nuclear power plant and the main grid will be tested systematically.

An intermediate report of a joint hydrogen economy study presents the opportunities that transmission infrastructure enables for the energy system

Last year, Fingrid and Gasgrid Finland started a study on the potential development paths of the hydrogen economy. Clean hydrogen that can be produced in Finland is one of the key solutions for reducing the use of fossil fuels and achieving climate targets. The intermediate report summarises the main results of the study so far as well as draft scenarios of different development alternatives. The final report of the project will be completed at the end of 2022.

Read more >

Information exchange in the electricity retail market enters a new era –
Datahub goes live successfully

Datahub, the centralised information exchange system for the electricity retail market, went live on 21 February 2022. Datahub centralises the data from about 3.8 million electricity accounting points in a single system, and it significantly accelerates the exchange of information in the electricity retail market. Datahub is a key part of the flexible power system of the future.

A historic wave of investment is underway – where does the money come from?

An unprecedented transition of the electricity system will require major investments in the main grid. Financing is obtained on international markets for bonds, commercial paper, and loans. The Nordic Investment Bank recently granted a green loan, and the interest rate on the revolving credit facility is tied to our company's sustainability targets. Our goal is to increase the share of green financing.

Fingrid's Timo Kiiveri's blog >

Solutions Report 2022 with Nordic TSO strategy is published

The Nordic TSOs have published the Solutions Report 2022. The report Solutions for a green Nordic energy system – Strategies to meet the climate challenge describes the ongoing major Nordic projects and presents the Nordic TSO strategy towards 2030 focusing on offshore and onshore wind development and sector integration.

Fingrid’s Annual Report 2021: an exceptional year brought energy into the debate

The Annual Report describes how Fingrid's role in enabling a purely electrified Finland and promoting competitiveness has been further emphasized. In 2021, electricity rose strongly into the Finnish social debate as the price of electricity reached a record high. During the year, Fingrid ensured the reliable
transmission of electricity and continued its work to develop the electricity market for future needs.

Nominations in Fingrid

Jukka Metsälä (left) has been appointed as Fingrid’s CFO as of 5 May. He will be responsible for the company’s finances and treasury, as well as business development and strategy.

Tuomas Rauhala has been appointed as Fingrid's Senior Vice President, Power System Operations as of 1 June. Rauhala will take over SVP Reima Päivinen’s tasks after his retirement.

Even reliable electricity grids prepares for crises

Regular system testing and practical exercises with various parties ensure respond to a crisis. For example, communication is paramount in the event of a major operational disturbance. Fingrid has procedures even for a total blackout. One is to restore power using imports from Sweden, and there is also a national method for restoring power. A lot of work has been done to make these arrangements.

Read more >

Technical requirements published

General connection terms YLE2021 >

Specific study requirements for power park modules related to risk of subsynchronous oscillations >

More information: Lasse Linnamaa, lasse.linnamaa(at)fingrid.fi

Intraday trading enabled right up until the delivery hour >

EUR 127 million of EU grants for the Aurora Line electricity transmission link >

The number of severe workplace accidents decreased substantially >

Nordic TSOs support the Baltic region in the possible event of an escalating situation >

| Fingrid.fi | Unsubscribe |

Privacy Statement

Record-breaking wave of investment in substations

Record-breaking wave of
investment in substations