Since January 2025, a total of 100 new green transition investment intentions have been announced in Finland. These projects are valued at approximately €15 billion. So far this year, 34 projects have been completed, with a total value nearing €2.5 billion. According to the Confederation of Finnish Industries (EK), industrial projects that consume electricity need to accelerate to kick-start Finland’s economic growth in earnest.
EK’s Data Window monitors the progress of green transition investments across the country. The tracking includes projects from their initial planning phase all the way to completion. Projects are added to the database once companies have made them public. The total value of planned green investments has now surpassed €300 billion, with over 1,000 projects registered across different regions in Finland.
“It is particularly interesting to follow projects that are on solid ground — those that are either already completed or have reached a formal investment decision. Since 2021, the value of such projects in the data window has already exceeded €36 billion. This is a significant figure relative to the size of Finland’s economy,” says Ulla Heinonen, EK’s Director of Green Growth.
Outlook for 2025
This year alone, 100 new investment intentions worth €15 billion have been announced. More than €600 million in new investment decisions have been made. The key focus areas have been electricity storage systems, as well as the production of biogas and bioproducts.
During the first part of the year, 34 projects have been completed, valued at nearly €2.5 billion. In terms of monetary value, the most completed investments have been in the bioproduct industry, factory expansions, and data centers. By number of projects, the highest count has been in electricity storage systems, which help balance fluctuations in electricity prices. So far this year, 9 of these storage projects have been completed. Over the entire year, about €8.5 billion worth of investments are expected to be completed.
The largest investments this year include:
- Data centers (€2.5 billion)
- Onshore wind power (€1.5 billion)
- Bioproducts (€1.1 billion)
- Heating technologies such as electric boilers, waste heat recovery, and industrial-scale heat pumps (€1.0 billion)
- Battery technologies (€0.7 billion)
More Electricity-Using Projects Needed
According to Heinonen, the current pace of investment is promising, but there is a pressing need for more electricity-consuming industrial projects to truly launch economic growth and drive the green transition forward.
“Investments that rely on electricity are essential for enabling further electricity production investments. Without them, Finland’s new energy economy will not take off at scale or begin to significantly boost the national economy,” Heinonen explains.
In the coming months, the progress of projects may be further accelerated not only by an economic upturn, but also by investment support schemes for clean transition projects, tax incentives, and streamlined investment permitting processes.
“In the future, it will also be important to ensure that the reform of the Land Use and Building Act does not hinder the development of new wind power,” Heinonen adds.
