While Europe struggles to cope with Russia’s absence of energy supply. Finland has managed to achieve more than enough electricity to sustain its population.
Europe’s energy crisis
Russia’s invasion of Ukraine saw the imposition of various sanctions on the Eurasian nation. This led to Russia limiting its energy supply to the European nations. As a consequence, Europe has struggled to meet its energy demands to comfort its population. Many households and businesses are struggling to meet the cost of energy.
The departure of winter, which constitutes for the majority of energy usage in Europe, has taken place. While, the winter was of its standard duration of three months, it felt like the longest of them all. With reports plagued by natural gas shortages and other energy-related issues, Europe struggled to deal with the rising prices.
Finland’s calamity and diversion
Much like its European counterparts, Finland was also faced with an energy crisis last winter. Residents were warned about Russia’s withdrawal. Thus, being instructed to control their energy consumption levels. The residents of the happiest nation in the world were more than happy to comply. This led to a stark reversal regarding the status of electricity in the nation.
While Europe struggled to diversify its energy sources, Finland was faced with an opposing problem. On 31st May, the Nordic nation’s average energy price for the day fell “slightly” below zero. “Now we are thinking hard about how to limit production. We have gone from one extreme to another.” Jukka Russunen, the CEO of Finland’s grid operator told the Finnish public broadcast Yle.
The tools of divergence
Excessive meltwater, which has raised flood warnings in various Northern European nations, has ushered in plentiful energy for Finland through its hydropower plants. Not only this, but Finland also managed to activate its 1,600 MW nuclear reactor which has been plagued by operational issues for years.
Olkiluoto 3, the newest nuclear reactor in Europe, is expected to generate 30% of Finland’s power. Since its activation, the reactor has lowered the power prices in Finland by a whopping 75%. Concludingly, Finland has always been smart when it comes to the production of clean energy. Using solar and wind power plants, not only has the country surpassed energy levels but it has also become the pioneer of clean energy.
The overflow of clean energy
While the energy crisis continues to plague Europe, it is also important to take into account the need for sustainable sources of energy. In the process of looking for diverse ways of producing electricity, Europe should consider the ongoing climate crisis and the implications that reckless power production may cause.
The production of not only surplus but clean energy means that Finland is closer than ever to reach its climate neutrality goal by 2035. In a yet another significant boost to the achievement of Finland’s goal, Coppenhagen Infrastructure partners (CIP) and Myrsky Energia (Myrsky) announced a partnership to develop more than 1.8 GW of onshore wind power in Finland.
This not only solidifies Finland’s pursuit of moving away from electric dependence, but it could also make Finland one of the earliest nations to reach its climate neutrality goal. The rise of such initiatives will also maintain the comfort of its citizens with partnerships like such blooming employment opportunities and promise towards a safer future.