New research from the Finnish Solar Energy Association has shown that Finland installed around 200 MW of solar energy in 2024.
Finland’s total capacity now sits at around 1.2 GW, as the 2024 figure is below the 2023 record of 349 MW. The estimates figure is compiled from a combination of both inside and outside-the-meter installations – the latter of which totalled 57 MW.
The figures for both inside-the-meter installations are still being assessed, with an exact number anticipated for spring. This is to allow time for Finland to register all newly deployed systems into its centralised data platform – designed by transition system operator Fingrid.
Addressing pv magazine, Markus Andersén, Chairperson of Finnish Solar Energy Association “There are also several large-scale projects under development that are expected to start in 2025 and be ready by 2026.”
Andersén explained that anticipating figures for installations under 1 MW is more ambiguous, as the market slowed during 2024 due to factors such as high interest rates and tighter requirements for loans.
Meanwhile, several utility-scale projects were approved in Finland in 2024, including seven which will total 213 MW – and which hold the title of the EU’s first cross-border solar tender.
Upcoming utility-scale projects in Finland were also announced, such as three 90 MW facilities and a 100 MW project announced by Sweden-based developer Alight. They will also collaborate with Finnish company 3Flash on a 120 MW project.
Looking to the future, Andersén concludes: “… the current list of projects that are being developed is several gigawatts. Of course, not all will go forward and many of them only in 2027 or 2028, but the pipeline is big.”
“A cautious estimate is that 2025 will be better than 2024 but probably not as good as 2023.”
