Negative Electricity Prices Hit Finland

Finland's electricity prices have fallen below zero due to surging hydroelectric power, new nuclear reactors, and an influx of solar and wind capacity additions. The newest nuclear reactor in Europe, Olkiluoto 3, is now regularly producing electricity and is expected to account for 30% of Finland's power generation. Growing solar and wind capacity is also contributing to a cleaner and more abundant power supply in Finland. Copenhagen Infrastructure Partners and Myrsky Energia have announced a partnership to develop more than 1.8 GW of onshore wind power in Finland, putting the country on track to become a European leader in the energy transition.