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HELSINKI - Finnish grid operator Fingrid maintained very high transmission reliability in the first half of 2025 while continuing significant grid expansion to accommodate growing renewable energy connections, according to a company press release issued Thursday.
The company connected 794 megawatts of new renewable production to the grid during the period, including 536 MW of wind power and 258 MW of solar power, representing a 35.7% increase from the same period last year.
Fingrid’s turnover decreased 23.4% to €572.1 million compared to the first half of 2024, primarily due to milder winter conditions. The company’s result before taxes, excluding derivative fair value changes, fell 8.8% to €134.5 million.
Capital expenditure grew 14.9% to €227.4 million as the company continues implementing its investment program, which includes approximately 560 kilometers of transmission lines under construction and 70 ongoing substation projects.
The company completed the Finnish section of the Aurora Line cross-border connection with Sweden in late June. When fully operational later this year, the connection will increase transmission capacity between Finland and Sweden by approximately 35%.
The EstLink 2 electricity transmission connection between Finland and Estonia returned to commercial operation on June 20 after being damaged on December 25, 2024.
Fingrid raised its grid service fees by 8% at the beginning of 2025, citing increased investments in the main grid and growing costs of managing the electricity system.
The company reports receiving connection enquiries exceeding 400 gigawatts for electricity production, approximately 70 GW for consumption, and roughly 30 GW for grid energy storage projects.
Fingrid estimates its gross capital expenditure for 2025-2028 will amount to approximately €1.7 billion, with €629.8 million already committed.
The company’s Board of Directors has approved a second dividend instalment totaling €45.1 million to be paid on July 29, 2025.
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