Finland Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Renewable Energy Companies in Finland and it is Segmented by Type (Hydropower, Wind, Bioenergy, and Other Types).

Finland Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Finland Renewable Energy Market Size

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Finland Renewable Energy Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 8.00 %
Market Concentration Low

Major Players

Finland Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Finland Renewable Energy Market Analysis

The Finland Renewable Energy Market is expected to register a CAGR of greater than 8% during the forecast period.

  • The primary driver of the market includes government policies that are emphasizing on reducing greenhouse gas emissions by using renewable energy. Emphasis on renewable energy makes Finland self-reliant and also helps to increase employment in the country. However, factors such as intermittency of available solar energy in the country coupled with high installation costs are expected to hinder the growth of the market studied.
  • Increasing wind energy installations are likely to drive the Finland renewable energy market during the forecast period.
  • With the intention of increasing its renewable energy share in the energy mix, Finland has adopted the National Energy and Climate Strategy for 2030. The strategy outlines concrete actions and objective of fulfilling its objective of increasing the share of renewable energy by more than 50% by 2030. Moreover, the strategy also outlines the action of reducing the emission of greenhouse gas to around 80-90% by 2050. Thus, the initiative is expected to create an opportunity for the market to grow in the near future.
  • Hydropower held a significant market share in 2019, and it is likely to dominate the market with renovation and modernization of existing hydro power plants and installation of new pump hydro energy storage (PHES) project in the country.

Finland Renewable Energy Industry Overview

The Finland renewable energy market is fragmented. The key players in the market include Fortum Oyj, Pohjolan Voima Oyj, Vattenfall AB, ABO Wind AG, SGS AG, UPM Kymmene Oyj, Valoe Oyj, CPC Finland Oy and OX2 Group AB, among others.

Finland Renewable Energy Market Leaders

  1. Fortum Oyj

  2. Pohjolan Voima Oyj

  3. Vattenfall AB

  4. ABO Wind AG

  5. SGS AG

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration.PNG
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Finland Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Finland Renewable Energy Installed Capacity and Forecast in GW, till 2025
  • 4.3 Finland Renewable Energy Mix, 2019
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hydropower
    • 5.1.2 Wind
    • 5.1.3 Bioenergy
    • 5.1.4 OtherTypes

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Fortum Oyj
    • 6.3.2 Pohjolan Voima Oyj
    • 6.3.3 Vattenfall AB
    • 6.3.4 ABO Wind AG
    • 6.3.5 SGS AG
    • 6.3.6 UPM Kymmene Oyj
    • 6.3.7 Valoe Oyj
    • 6.3.8 CPC Finland Oyj
    • 6.3.9 OX2 Group AB
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Finland Renewable Energy Industry Segmentation

The Finland renewable energy market report include:

Type Hydropower
Wind
Bioenergy
OtherTypes
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Finland Renewable Energy Market Research FAQs

What is the current Finland Renewable Energy Market size?

The Finland Renewable Energy Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in Finland Renewable Energy Market?

Fortum Oyj, Pohjolan Voima Oyj, Vattenfall AB, ABO Wind AG and SGS AG are the major companies operating in the Finland Renewable Energy Market.

What years does this Finland Renewable Energy Market cover?

The report covers the Finland Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Finland Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Finland Renewable Energy Industry Report

Statistics for the 2025 Finland Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Finland Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.