Will Finland become a European electricity producer? “Electricity is expensive to move long distances”

Finland’s electricity consumption is expected to increase by about twice as much as ten years.

The biggest growth would be from the increase in the use of industrial and data centers, which would increase more than twice as much as 40 Tarwatt hours in 2025 to up to 101 terawatt hours in 2035.

Forecasts are a transmission system company Fingrid to make.

Can I rely on the realization of industry and data center investments or is there a risk of over-investments?

Fingrid’s Electricity Market Head Maarit Uusitalon says that forecasts are based on Fingrid’s own market modeling and assumptions.

“We start from the fact that Finland is competitively globally. Most of the data center players are global players and seek out where there is affordable or affordable electricity compared to competition. ”

Aalto University in Workplace Professor Iivoivo Vehviläinen We do not know if there is a risk of over-investments, as electricity network investments are not guided by market prices, but various scenarios and forecasts.

In his view, electricity consumption forecasts must be treated with caution.

“Electricity consumption in Finland, throughout the Nordic countries, has been the same throughout the 2000s. There is a small variation, but we are lower than in 2007-2008, when electricity consumption was at the peak in Finland. ”

Energy Market Manager for Energy Industry Pekka Salomaa It does not believe that Finland could become a large export of electricity to Europe, but to prefer to make industrial investments as close to energy production as possible.

“Electricity is expensive to move long distances.”