HomeMediaLatest NewsFinland is ready to trade the energy from Russia for the wind

Finland is ready to trade the energy from Russia for the wind

31 January 2021

Kondratiev Sergey V. Deputy Head of the Economic Department, Head of the Real Sector Group
Тема: Energy

Sergey Kondratiev, Deputy Head of the Economic Department gave a comment to the internet portal Vzglyad.ru on the prospects for exporting Russian electricity to Finland.

Following the Baltic states, which dream of getting rid of Russian electricity imports, Finland is hatching such a plan. The Finns decided to replace cheap Russian electricity with wind and solar power plants. At least, such a plan was announced by a local state company. Why are the Finns getting involved in this adventure and will they be able to abandon Russian electricity?

The senior expert of the Institute for Energy and Finance (IEF) Sergey Kondratiev is not expecting a complete refusal of Finland from purchasing electricity from Russia. Moreover, in his opinion, a scenario may work when everything continues as it is now.

“In the long term, in 20-30 years, Finland can increase generation of electricity from renewable energy sources. But this will not necessarily lead to a strong reduction in electricity imports from Russia. Finland, as before, may need to import electricity,” Sergei Kondratiev told.


Kondratiev Sergey V. Deputy Head of the Economic Department, Head of the Real Sector Group
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