Prospects for electricity production and consumption Q3 2026

Finland’s power system is undergoing a major transformation, with demand for clean electricity growing rapidly and electricity generation becoming increasingly dependent on weather conditions. Fingrid’s forecast outlines the development of electricity consumption and generation through 2035 under two scenarios. The scenarios differ particularly in terms of Finland’s competitiveness in attracting electricity-intensive investments.

The most significant increase in electricity consumption is expected to come from growing electricity use in data centres and industry, where Finland’s competitiveness will play a key role in determining future growth. The increase in electricity generation is broadly in line with the growth in consumption, although the share of electricity exports is higher in the more moderate growth scenario. Most of the increase in electricity generation will come from wind and solar power.

Fingrid’s Q3/2026 forecast examines developments through 2035 under two scenarios: High Growth and Moderate Growth.

• Electricity consumption is expected to increase from approximately 85 TWh in 2025 to 106–123 TWh by 2030 and 110–162 TWh by 2035. The largest increases will come from data centres, the electrification of industrial processes, and the production of hydrogen and hydrogen-derived products. Heating and transport will also become increasingly electrified. Data centres and other industrial activities in particular have substantial growth potential, but are also subject to considerable uncertainty, which is reflected in the differences between the scenarios.

• Electricity generation is expected to increase to 107–118 TWh by 2030 and 128–171 TWh by 2035. Wind power will be the main driver of growth, while solar power is also expected to increase significantly. Nuclear power generation will increase as a result of announced capacity upgrades, hydropower generation will remain at its current level, and the decline in thermal power generation is expected to come to an end due to the growing need for balancing power.

The High Growth scenario serves as the basis for transmission grid planning. The key drivers, uncertainties and methodology underlying the forecast are described in greater detail in the forecast report