Suomeksi

Finland needs more energy

It takes a lot of energy to keep society running. Energy is converted into lighting and heating, as well as growth and
prosperity. However, we must produce that energy without burdening the climate. Fortunately, we already have the tools to achieve this.

Scroll down to read about how Fennovoima will generate new energy for Finland.

Why does Finland
need new energy?

Finnish households and businesses must have a continued supply of emission-free and reliable electricity at a stable price. Currently, Finland buys a significant portion of its electricity from abroad, although domestic electricity production would be more economical and make more sense. We cannot put our faith in having imported electricity available at all times. The requirement to reduce CO2 emissions plus the power plants approaching the end of their service life put Finland in a tight spot.

Scroll down to see how your electricity is produced.

Electricity procurement in Finland by energy source

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Nuclear power plants produce massive amounts of energy at a steady and reliable pace, 24/7. They have a predictable and dependable output. Nuclear power is an effective and climate-friendly way to make Finland less dependent on imported energy and to reduce greenhouse gas emissions. In other words: it generates clean energy.

Hydropower is an emission-free electricity source that makes it easy to adjust production to demand. Its main environmental impact is caused by damming rivers. There are no plans to build more hydropower generation capacity in Finland.

At the moment, around 20% of the electricity consumed in Finland is imported. We are structurally dependent on imported electricity, which is not a good thing. The only way to become independent is to build more domestic electricity generating capacity.

A significant portion of the renewable energy in Finland consists of biomass, including wood or logging waste. In energy production, biomass is mostly used for heat generation, as well as in combined heat and power (CHP) plants (also called “cogeneration plants”). Burning biomass releases carbon dioxide, which is then reabsorbed by growing trees. There are, however, limits to increasing the use of biomass: for instance, it requires enormous amounts of fuel.

Coal is the most commonly used fuel in electricity generation. In recent years, however, Finland has significantly reduced its use of coal. The availability of coal at a reasonable price is good, and coal-fired power plants provide reliable electricity. However, burning coal releases significant amounts of carbon dioxide and fine particles into the atmosphere.

Compared to the other forms of fossil fuel, natural gas is less hazardous, because burning it does not release any sulfur dioxide, particles or heavy metals. Still, its greenhouse gas emissions contribute to global warming. Finland imports natural gas.

Peat is mainly used in combined heat and power production. Peat is a domestic fuel, which makes Finland less dependent on imported energy and creates jobs in Finland. Burning peat has similar effects on the climate as burning coal.

Wind power is a climate-friendly, renewable energy form. Being susceptible to weather conditions, wind power has to be supplemented by balancing power for electricity generation when there is no wind. Wind farms also have a large footprint in proportion to the amount of power produced.

In Finland, the majority of waste is recycled. Burning mixed waste is a way of converting the energy contained in the waste into electricity and heat. Even though it releases carbon dioxide and particulate matter into the atmosphere, burning waste is a way of ensuring that it does not end up in landfill.

In electricity generation, oil is mainly used as an auxiliary or supplementary fuel. Burning oil releases greenhouse gases.

Solar power generation still plays a small role in Finland, but it is increasing. Most solar power is produced during summer, when most electricity generation in Finland is practically emission-free anyway. Solar power faces the same problems as wind power: there are fluctuations in output, solar power plants take up a lot of space, and there are no ready solutions for large-scale electricity storage.

Nuclear power

Hydropower

Import

Biomass

Coal

Natural Gas

Peat

Wind power

Waste

Oil

Solar power

1/2

We have to stop
climate change

The Intergovernmental Panel on Climate Change predicts temperature rises of 1.1–6.4 °C between1990 and 2100. Global warming causes severe risks for people and the environment everywhere. Most of the greenhouse gases causing global warming come from the production of energy. In order to control the temperature rises, we simply have to adopt every single emission-free method of generating electrical power.

Scroll down to see how Finland can cut its emissions. 

Check how much sea level could rise without cutting emissions.

20172100
St. Petersburg
Venice
Hamburg
Amsterdam
Lower
Manhattan
Los Angeles
San Francisco
Situation now

The ocean level has risen an average of 19 centimeters since the beginning of the 20th century. The continuously increasing thermal expansion of sea water and glacial melting further accelerate the change. According to the most recent estimates, the sea level may rise up to two meters by the end of the century. In Helsinki, the sea level may rise as much as 90 centimeters. In the Gulf of Bothnia, land uplift limits the rise of sea level (the Finnish Meteorological Institute).

Do you know how much of Finland’s CO2 emissions come from electricity generation?

85
%
47
%
21
%

False! At the moment, approx. 21% of Finland’s CO2 emissions come from electricity generation. In the next decade, it will become almost emission-free, and one of the reasons is increased nuclear power capacity. In the future, the biggest cuts in emissions can be made in other areas, such as traffic, heating and industry.

True! In the next decade, it will become almost emission-free, and one of the reasons is increased nuclear power capacity. In the future, the biggest cuts in emissions can be made in other areas, such as traffic, heating and industry.

What is the best method
of reducing emissions?

1

Reducing energy consumption.

2

Reducing the production
and consumption of goods.

3

Focusing on emission-free energy sources.

We need to engage every method available to control climate change. Emission-free power generation, energy efficiency and sustainable consumption are all necessary means to achieve the goal.

We need to engage every method available to control climate change. Emission-free power generation, energy efficiency and sustainable consumption are all necessary means to achieve the goal.

Is nuclear power safe?

Contrary to common belief, nuclear power is one of the safest forms of energy generation – even counting accidents in the past, fuel production and other impacts arising during its life cycle. On the other hand, air pollution from burning fuels cause illness and early death in significant numbers of people every year.

Scroll down to take a look behind the myths.

Behind the myths

Click on the cards to see if the old myths hold true.

Myth:
Nuclear power is outdated technology.

Nuclear is the most recent form of power invented by man. Fennovoima’s nuclear plant will be one of the safest and most modern nuclear stations in the world.

Myth:
In Finland, renewable energy means solar and wind power.

By far the largest portion of renewable energy in Finland comes from hydropower and biomass (i.e., burning wood, logging waste and other organic waste).

Myth:
We can stop using fossil fuels by replacing them with renewable energy.

Forms of electricity generation where the output varies have to be supplemented with another energy form, for instance, hydropower or natural gas (a fossil fuel). There is not much room for increasing the capacity for reliable, renewable energy generation, such as hydropower. All countries that have succeeded in significantly reducing their greenhouse gas emissions have done it with the help of nuclear power.

Myth:
Nuclear power puts a stop to investments in renewable energy.

Nuclear power and renewable energy are not mutually exclusive. They are both needed for us to accomplish the massive task of replacing fossil fuels.

Myth:
Nuclear power is expensive.

Building a nuclear power plant takes a lot of capital, but its operating costs are low. The plants have a long service life and hardly ever need to be replaced. During its 60-year service life, Hanhikivi 1 will produce enormous amounts of emission-free electricity.

Myth:
Nuclear waste is a problem.

Only a small amount of spent nuclear fuel is produced, and it is treated so that it does not present a threat to the environment. Finland is a global pioneer with regard to the final disposal of nuclear waste. The funding for the final disposal of the nuclear waste will be collected in the price of electricity during the service life of the plant and deposited in a fund.

Finnish energy

Fennovoima’s nuclear power plant project is the largest investment in Finland, and it will have far-reaching and long-term effects for the whole country. This unique project gives Finnish experts the opportunity to prove their competence, opening doors to the global market and for export.

Scroll down to see how Finland will benefit from the project.

New jobs

4000

On the construction site

During the construction phase, there will be up to 4,000 builders on site.

500

Operational phase

During the operational phase, Fennovoima
will employ around 500 people.

With construction work in full swing, there will be about 4,000 people working on site. As one on-site job creates 1–4 off-site jobs, the project will have a multiplying effect on employment. Once operational, the plant will provide work for around 500 people. The estimated service life of the plant is at least 60 years, and the total project, including decommissioning, is estimated to run for a hundred years.

Fennovoima’s ownership base

66
%

Voimaosakeyhtiö SF

34
%

RAOS Voima Ltd

Voimaosakeyhtiö SF, a Finnish consortium, owns the majority of shares in Fennovoima. Its shareholders include major corporations operating in Finland (e.g., Outokumpu, SSAB, SRV, and Fortum) and local energy companies. They all need stably priced electricity. With Fennovoima’s help, they can invest in Finland and ensure reasonably priced electricity for their customers.

RAOS Voima Ltd owns one-third of the shares. The company is a Finnish subsidiary of Rosatom, the Russian conglomerate that is supplying the plant. Fennovoima is a company operating under the Mankala principle, i.e. it will sell all the electricity generated at the plant to the owners at cost price.

Do you know where Finland’s sixth nuclear power plant will be built?

A
B
C

False! Finland’s sixth nuclear power plant will be built in Pyhäjoki, Northern Ostrobothnia.

True! Finland’s sixth nuclear power plant will be built in Pyhäjoki, Northern Ostrobothnia.

Pyhäjoki is packed with power

Building the nuclear plant is a world-class project that will put Pyhäjoki on the map and give the municipality and all of Northern Finland a huge stimulating shot. The entire economic region will benefit from new jobs and an influx of people and vitality. Fennovoima wants to be a good neighbor to the people of Pyhäjoki by listening to them and creating prosperity together with them.

Let’s build Finnish energy together

Would you like to learn more about the project?
For more information, go to Fennonen and subscribe to our newsletter

For more information about Fennovoima’s way of building good energy, go to: www.fennovoima.fi