Finland’s energy mix has undergone a rapid transformation, reaching 95% fossil-free electricity production in 2024. This shift is anchored by the expansion of nuclear power and a surge in wind energy, positioning Finland as a leader in the European energy transition. Nuclear power remains the largest source following the 2023 launch of the Olkiluoto 3 reactor.

Finland is rapidly emerging as a European powerhouse for green hydrogen, aiming to produce 10% of the EU’s total by 2030. The country relies on its large-scale renewable energy potential, specifically wind power, with over 8 GW in capacity and 72 GW onshore/69 GW offshore planned. Gasgrid Finland is developing the Nordic-Baltic Hydrogen Corridor, connecting Finland to Central Europe to facilitate exports. Finland is actively establishing itself as a, if not the, “hydrogen valley” of the north, leveraging its strategic, clean energy infrastructure for both domestic use and export to Europe. Finland had the second-lowest electricity prices in the EU in 2022-2023.