The World Energy Council's Finland Member Committee was founded in 1993 as a co-operation body for various companies and organisations in the energy sector. World Energy Council Finland is a leading platform for energy producers, users and technology providers facilitating the energy policy dialogue and finding new strategic insights.
In order to achieve this aim World Energy Council Finland organises various high-level events and activities. Co-operation activities include regular seminars as well as organising one of the biggest annual energy industry events. It also provides prices indexes for heavy fuel oil and coal. In addition, World Energy Council Finland annually awards the best master’s thesis in fields of energy technology and energy economics in co-operation with Finnish Energy Economists.
Mr. Asla Koskinen is a business development director at Siemens Energy supporting Nordic and the Baltic’s energy and energy intensive industries on their decarbonization journey. He has extensive experience in different energy production processes and the technologies applied in them, as well as the challenges and drivers of the customers' operational environments.
Koskinen has more than 25 years of experience in various sales positions for systems & services sales and project execution for Siemens, Alstom, ABB Alstom and ABB. During his working career, he has also worked actively in various Finnish energy industry forums. In the ongoing transition of the energy market, his performance orientation, active interaction and courage to develop new things will help WEC Finland move forward.
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Energy in Finland
Finland’s energy system continues to evolve at pace, shaped by a strong commitment to decarbonisation, high levels of electrification and an increasingly complex geopolitical environment. With approximately 96% of electricity production already carbon-free and a national target of carbon neutrality by 2035, Finland is well positioned as a frontrunner in the global energy transition.
This progress is underpinned by concrete developments across the energy system. Wind power has expanded rapidly and has become the largest source of electricity generation, while new nuclear capacity, most notably Olkiluoto 3 nuclear power plant, has strengthened firm low-carbon electricity supply and improved system stability. At the same time, Finland has taken a decisive step away from coal: Helen Ltd has closed the Salmisaari plant, Finland’s last coal-fired power plant, marking a major milestone in the country’s transition. These developments illustrate how Finland is combining variable renewables with firm low-carbon electricity generation, while district heating systems are increasingly shifting away from coal towards electrification, waste heat utilisation and sustainable biomass.
As the system evolves, the focus of the energy debate has shifted. While climate mitigation remains central, energy security, system resilience and investment certainty now play a more prominent role. This is reflected in the 2026 Issues Monitor, where security-related themes have risen clearly to the forefront. In practice, this shift is visible in strengthened cross-border interconnections, increased attention to adequacy of electricity supply and a growing emphasis on domestic energy production following the rapid phase-out of Russian energy imports.
Finland is also strengthening its regional integration and security of supply through major transmission investments such as the Aurora Line. Completed in 2025, the project increases transmission capacity by approximately 900 MW from Finland to Sweden and around 800 MW from Sweden to Finland. This enhances system flexibility, enables increased renewable integration and improves resilience across the Nordic power system.
At the same time, Finland has attracted increasing interest in green industrial investments, including hydrogen and e-fuel projects in emerging hubs such as Port of Oulu and Port of Kokkola. A concrete example of this development is the hydrogen production facility in Harjavalta, which represents one of the first industrial-scale hydrogen projects in the country and signals the gradual transition from pilot projects to commercial deployment. The investment environment is generally seen as stable and predictable, which supports project development, although investment decisions remain closely linked to regulatory clarity and market outlook.
Permitting processes in Finland are comparatively efficient in the European context, although the scale and complexity of new energy and industrial projects still require continued attention to ensure timely implementation.
The rapid expansion of wind power has increased the importance of flexibility, storage and grid development. Finland is investing in battery storage, demand-side flexibility and digital optimisation to ensure that increasing shares of variable renewable electricity can be integrated into the system reliably. This highlights the distinction between installed capacity and actual generation, and the growing role of system integration.
Compared to many European countries, Finland benefits from relatively affordable and abundant clean electricity, which has become a key competitive advantage. Finland recorded the lowest electricity prices in Europe in 2025, reinforcing its attractiveness for energy-intensive industries such as data centres and electrified manufacturing. This affordability, combined with a high level of system reliability and technical expertise, strengthens Finland’s position as a stable investment environment.
Despite strong progress, some structural challenges remain. Investment uncertainty in new technologies, particularly hydrogen, continues to influence the pace of decision-making, and further development of system flexibility will be essential as electrification deepens. At the same time, Finland’s strengths – a highly decarbonised electricity system, strong digital capabilities and an effective innovation ecosystem – support its ability to deliver the transition in practice.
Finland’s energy transition is entering a new phase. It is no longer defined primarily by ambition, but by execution, resilience and the ability to balance sustainability, security and affordability in a changing geopolitical landscape. With its strong foundation, Finland is well positioned to lead by example in the next stage of the global energy transition.
Acknowledgements
Finland Member Committee
Downloads
Finland World Energy Issues Monitor 2026 Country Commentary
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World Energy Issues Monitor 2026
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Finland World Energy Issues Monitor 2025 Country Commentary
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World Energy Issues Monitor 2025
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Finland World Energy Trilemma Country Profile 2024
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World Energy Trilemma Report 2024
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Latest Publications
World Energy Issues Monitor | 2026
Published on 26 March 2026
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