Share of renewable energy in final energy consumption

Finland is a front runner in the EU in terms of renewable energy, and the share of renewable energy sources has been steadily growing since 2005. The government has provided significant support for renewable energy investments, including feed-in tariffs, tax breaks and other financial incentives to encourage the development of wind, hydropower and bioenergy projects. Around 70 % of Finland’s renewable energy has been bioenergy, produced mainly from wood waste streams in the forest industry. Wind power production has grown rapidly in recent years, and this trend is expected to continue, especially if investments in large offshore wind farms are realised. According to national statistics, in 2024, wind power surpassed hydropower as the second largest source of renewable energy. Hydropower production cannot be significantly increased, as almost all major rivers in Finland have been dammed. Some small-scale hydroelectric plants have already been removed as part of the river restoration programme. The significance of solar power and biogas in energy production is currently minor but growing. Finland’s updated integrated climate and energy plan aims for at least a 62 % share of renewable energy in final energy consumption by 2030. Alongside mitigating climate change, a key motivation is the improved self-sufficiency of the energy supply.