Report published: Nordic Grid Development Perspective 2023
On 25 October, Fingrid together with the other Nordic TSOs will release the report Nordic Grid Development Perspective 2023. This report presents an overview of the anticipated future of the Nordic power system, providing insights for stakeholders, policymakers, and industry professionals. The report is attached to the bulletin.
"The Nordic power system is changing fast when lots of new renewables and industrial processes are connected to our interconnected grid. In addition to grid investments, we jointly need to identify solutions to the technical challenge set by the growing proportion of power electronics”, states Chair Nordic planning group, SVP Jussi Jyrinsalo from Fingrid.
Key Points from the Report
- The Nordic power system is well integrated due to a long history of cross border cooperation on grid, operations, and market development. This has been a core prerequisite for the high level of renewable production, and it will continue to be so with a Nordic power system which is expected to be carbon-free around 2035/40.
- The direction towards a carbon-free system has been laid out, and the Nordic TSOs are focused on making this possible even though it is complex and requires new solutions and increased collaboration to ensure the ambition of a good investment climate, increased amount of renewables, increased electrification, and continued high levels of security of supply.
- A strong and robust Nordic power grid is central to enable the right pace and evolvement of the system, and to ensure this we need significant amount of new grid investments. Having a strong grid both nationally and across borders enables continued utilization of national competitive advantages in the Nordic system.
- The expected high growth in power demand, alongside a surge in intermittent power production from solar and wind energy leads to escalating need for a rapid development of new flexibility within the power system which is better addressed in collaboration.
- A significantly higher proportion of power equipment, connected via power electronics, presents significant challenges to the future power system, but with a common development and testing of new solutions we can find new solutions for the Nordic power system.
“The cooperation has been great. I think it is very important to understand each TSOs individual priorities and challenges. This helps us shape a best Nordic approach to joint Nordic challenges”, says Johan Longard, Project Manager NGDP2023.
The key findings of the report will also be presented at an online webinar for stakeholders at 11:00 (EET) 25 October. As this is an open event, no registration necessary. Just click here to join the webinar! Click here to join the meeting >
Pekko Niemi, Fingrid Oyj
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