As a power system and main grid developer, Fingrid plays a key role in ensuring Finland reaches its climate goals.

 

 

Read more in our 2020 reports

Executive Management Group’s Review
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Renewing power system

Along with grid investments, Fingrid develops an electricity market that balances out the supply and demand of electricity at each moment in time and creates flexibility in the power system on market terms. Fingrid creates the platform for a clean power system and, going forward, this will increasingly require short reaction times and the capability to manage vast amounts of data.

Fingrid in figures 2020

New wind power connection agreements
1,800 megawatts
Income tax paid EUR
19.29 mill.
Credit rating (S&P)
AA-
Electricity transmission reliability rate
99.99995%
Fingrid employees’ promoter score
eNPS 71
Lost time injury frequency (LTIF), per million worked hours
11.1
Material recycling rate at Fingrid worksite
62%
Responsibility audits in goods sourcing and at worksites
28

Highlights from 2020

Historic grid systems under modernisation
Historic grid systems under modernisation
In the summer of 2020, the Imatra substation reached the end of its life cycle and was replaced. Modernisation of the Imatra–Huutokoski transmission line was also started.
How to create innovations that are useful for society at large?
How to create innovations that are useful for society at large?
Thanks to Fingrid’s innovative approach, the system security of the power system remains at a high level.
Competitive solar energy
Competitive solar energy
To reach the agreed emission control targets, it is necessary to make use of all available electricity from renewable sources.
Digital solutions aiding grid maintenance
Digital solutions aiding grid maintenance
Digital condition monitoring helps to allocate resources and forecast maintenance needs as efficiently as possible.