In 2019, Finland’s economy was ranked 44th in the world in gross domestic product (GDP). The country’s economy is dependent on the export of paper, refined petroleum, automobiles, stainless steel, wood, gold, and pharmaceuticals.
In 2009, Finland as a member of the European Union (EU) committed to the “Renewable Energy Directive,” which requires each country to use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030.
In 2016, Finland as a member of the EU signed the “Paris Climate Agreement”. The EU committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels.
In 2020, Finland’s utilities used renewable energy (49.9 %), nuclear energy (34.4 %), natural gas (5.7 %), coal (5.1 %), and oil (4.9 %). to generate electricity in the country. Hydropower, biomass, and wind are the primary types of renewable energy used to generate electricity in Finland.
Recent renewable energy developments in Finland includes the following:
- 1,400 MW Offshore Wind Project – In May 2021, Finnish state-owned enterprise Metsähallitus commenced work on the Korsnäs offshore wind project, which is located approximately 10 miles off the Finnish coast in the Gulf of Bothnia. The project is scheduled to be commissioned in 2028.
- 500 MW Solar Project – In September a consortium of European companies announced plans to build a solar project at a site approximately 175 miles northwest of Finland’s capital, Helsinki. The project is forecast to be commissioned in 2023.
- 216 MW Wind Project – In October 2021, Finish renewable energy company, Ilmatar Energy commenced work on the Alajarvi wind project in the central region of the country. The project is scheduled to be commissioned in 2023.
- 48 MW Wind Project – Ilmatar Energy is continuing work on the Rasakangas wind project at a site approximately 190 miles northwest of Helsinki. The project is scheduled to be commissioned in 2022.
- 8 MW Wind Project – Ilmatar Energy is continuing work on the Voimamylly wind project at a site approximately 75 miles northwest of Helsinki. The project is scheduled to be commissioned in 2022.
Finland has significant renewable energy resources, including hydropower, wind, biomass, and solar. Wood waste from the country’s timber industry is the primary fuel for most of Finland’s biomass power plants.
In 2020, 84.3% of Finland’s electricity was generated from fossil-free power plants. The country plan is to become the world’s first fossil-free economy by 2035.
Finland’s aggressive development of offshore and onshore wind projects and now solar is a clear indication the nation is on track to become a fossil-free economy by 2035.
Website – “Our Energy Conundrum”
 Finland – The World Bank Group
 Gross Domestic Product 2019 – World Bank DataBank
 OEC – Republic of Finland
 Carbon Brief – “2015: Tracking Country Climate Pledges”
 Our World In Data, Finland: Energy Country Profile by Hanna Ritchie and Max Roser