Significant amounts of market-based wind power will be built in Finland

Wärtsilä Corporation,
  • News
18 June 2018 at 12:00 PM E. Europe Standard Time

Wind power is highly competitive in Finland without subsidies. In the coming years, significant amounts of market-based wind power will be built in Finland, which will change the Finnish electricity system. Wärtsilä Energy Solutions has modelled the Finnish electricity system and calculated capacity, electricity production and system costs. Based on the results Wärtsilä estimates the following:

  •  Wind power is already now competitive in Finland – the price level for new wind power is around 30 EUR/MWh
  •  There will be a significant increase in market-based wind power capacity in Finland – seven times the current capacity by the year 2030.
  •  The increasing of wind power will lower electricity production costs and emissions in Finland – computationally 30% cost savings on system level compared to building new nuclear production.
  •  Wind power together with flexible production capacity and heat pumps enables renewing of district heating, which decreases CO2-emissions significantly.

Wärtsilä Energy Solutions’ Sales Director Matti Rautkivi states: “Wärtsilä has globally witnessed the revolution driven by cheap renewable energy. It’s great to see that the decreased costs of renewable energy, wind especially, are enabling an increase in market-based wind power. This development will decrease electricity production costs and emissions in Finland and is definitely the right path towards renewable electrical systems.”

For more information please contact:

Matti Rautkivi
Sales & Marketing Director
Wärtsilä Energy Solutions
Tel: + 358 40 480 37 43
matti.rautkivi@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

Matti Rautkivi's presentation

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