Renewable energy in Finland

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Renewable energy in Finland increased from 34% of the total final energy consumption (TFEC) in 2011 to 48% by the end of 2021, primarily driven by bioenergy (38%), hydroelectric power (6.1%), and wind energy (3.3%). In 2021, renewables covered 53% of heating and cooling, 39% of electricity generation, and 20% of the transport sector. By 2020, this growth positioned Finland as having the third highest share of renewables in TFEC among International Energy Agency (IEA) member countries.^[1]

In 2020, Finland's share of renewables in gross final energy consumption reached 44.6%, surpassing the target of 38%. This excess enabled Finland to sell statistical transfers of renewable energy to EU member states not meeting their 2020 targets. In March 2021, Finland agreed to a transaction with Belgium, selling 1,376.5 GWh of renewable energy for EUR 18.6 million. After this sale, Finland's renewable energy share in gross final consumption was reported at 43.8%, still above the 2020 goal.^[1]

Finland's climate strategy, aimed at carbon neutrality by 2035, focuses on increasing energy efficiency and advancing technological innovations, especially in sustainable hydrogen solutions for heavy transport and industry. According to data from 2021, Finland's energy supply was less dependent on fossil fuels compared to many other countries, with only 36% coming from these sources, significantly lower than the International Energy Agency's average of 70%. The emphasis in Finland's energy mix has been on renewable sources like biomass, hydro, and wind power. These measures are part of Finland's efforts to decrease energy intensity and improve energy security.^[2]