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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Finland’s Fingrid Locates Five Offshore Areas to Connect to the Main Grid
Finnish TSO Fingrid has preliminarily identified five areas across west coast Finland to connect offshore wind farms to the main grid by the 2030’s, the TSO said today.
- The identified areas are Ulvila, Narpio, Vaasa, Raahe, and Raisio.
- The TSO has also identified the Inko area if offshore wind is feasible in southern sea areas.
- Fingrid has received inquiries regarding connections for up to 95GW of offshore wind power.
- Finland’s installed offshore wind capacity is expected to reach 6.5GW by the end of the 2030s – equalling 30TWh of annual production.
- Additional investments of around €0.6 billion are needed to connect the offshore wind projects – beyond the €4bn investment programme described in Fingrid’s main grid development plan in 2023.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.