EPV Energy Ltd is a Finnish energy company that produces and supplies electricity and heat for its shareholders. The company produces and supplies 1.2 TWh of heat and 4 TWh of electricity for its owners each year, corresponding to approximately 5 per cent of all electricity consumed in Finland.
EPV Energy invests in emission-free energy generation in a goal-oriented way, and in the 2010s it has reduced its carbon dioxide emissions by a third. EPV is a forerunner in wind power in Finland: it has invested in biofuels by building the world’s largest biomass gasification plant in terms of its fuel power. Investment in nuclear power is also part of EPV’s strategy. The company’s net sales amount to EUR 268 million.
EPV Energy ensures the energy supply of its shareholders by being involved in the most significant energy projects in Finland and, when necessary, by acquiring shares in overseas power plants. In nuclear power, EPV trusts in Teollisuuden Voima, which has supplied nuclear power to EPV’s shareholders for over 30 years. EPV owns a significant share in Pohjolan Voima, which produces and supplies electricity in different parts of Finland. EPV has also invested in hydro power in the neighbouring countries. The company owns Norwegian hydro power through the company Rapid Power and Swedish hydro power through the company Voimapiha.
Electricity and heat are produced through the EPV Heat energy programme in CHP plants in Vaasa, Seinäjoki, Raahe and Tornio. Vaskiluodon Voima produces about 60 % of district heat in the Vaasa region and about 90 % in the Seinäjoki region. In addition to electricity, Tornion Voima also produces district heat for the City of Tornio and process heat for the Outokumpu steel works.
EPV aims to continuously increase the share of domestic wood and field bioenergy in combined heat and power generation. A key milestone was reached in 2013 when the world’s largest biofuel gasification plant was commissioned in connection with the Vaskiluoto power plant. The associated company EPM Metsä is responsible for supplying forest energy for the Vaskiluoto power plant. The acquisition of forest energy has a positive impact on the local economy and employment. The subsidiary EPV Bioturve, on the other hand, supplies energy peat and wood-based fuels.
EPV Energy is a pioneer in industrial-scale wind power in Finland. The company’s wind power programme has been in operation since 2006, with an aim to increase the share of emission-free energy generation in the Group. There are currently about 30 ongoing wind-power projects with a total output of over 1,000 MW.
The subsidiary EPV Tuulivoima plans, constructs and operates wind power projects in the Ostrobothnia region. EPV is also a significant shareholder in Rajakiiri, which plans and constructs wind power in Tornio and Raahe, and in Suomen Merituuli, which designs offshore wind farms in the Gulf of Finland and the Gulf of Bothnia.
EPV Infra produces services for the Group companies, including EPV Alueverkko, EPV Tase, EPV Teollisuusverkot, EPV Tuotantoverkot, Suomen Energiavarat and Vaskiluodon Teollisuuskiinteistöt.