Finland needs increased capacity to meet its growing electricity demands. However, any new investments must meet the economic and environmental standards specified by the Kyoto Protocol.
Given the fact that Finland has one of the most intensive forest industries in the world, biomass-based energy production offers an excellent solution. Efficient use of forest industry by-products, forest energy and energy crops is growing rapidly in Finland. The country is aiming at increasing RES use by 30%. 86% of that amount will come from bioenergy.
With a staff of 800, Pohjolan Voima is the second largest energy company in Finland, supplying 21 TWh of electricity per year. Its 19 owners include representatives from the Finnish forest industry, energy companies and Finnish municipalities. The company’s current capacity of 4,000 MW includes a variety of RES plants, recent projects having been channelled towards biomass and wind. In the 1999-2004 period, the company will invest 620 million euros in RES.