Energy generation with broad expertise EPV Energy Ltd (EPV) is a Finnish energy company that generates and acquires electricity and heat for its shareholders, i.e. Finnish energy companies, at a production cost price. This is known as the Mankala principle and it enables shareholders to engage in extensive energy projects, while ensuring low production costs. EPV Energy has 70 years’ experience of responsible energy generation, and even now we continue to focus on emission-free, reliable generation with determination and purpose. The company has made significant improvements in its range of energy generation services, which has resulted in a considerable reduction of carbon dioxide emissions. EPV Energy’s goal is to achieve climate-neutral electricity generation by 2030. The company is a leader in emission-free energy generation, for example in utilising wind power and domestic forest energy. In line with EPV Energy’s strategy, we will also continue our purposeful work towards emission-free energy generation in the future. In 2020, the share of renewable sources in EPV Energy’s electricity generation was 44.3% and the share of emission-free sources 85.2%. EPV Energy’s turnover in 2020 was MEUR 293 and we employed 115 people. In 2020, the Group’s total power procurement was 3,850 GWh. This corresponds to 5% of the total electricity consumed in Finland. Last year, a larger proportion of energy than ever was generated emission-free. Towards zero emissions in electricity generation In 2020, the Group's electricity generation amounted to 3,396 GWh and a larger proportion of energy was generated emission-free. Renewable 12.9% Hydropower 438 GWh 25.6% Wind Power 868 GWh 5.8% Wood + other bio 198 GWh Emission-free 12.9% Hydropower 438 GWh 25.6% Wind Power 868 GWh 5.8% Wood + other bio 198 GWh 36.0% Nuclear Power 1224 GWh 4.9% Industrial Gas 167 GWh Domestic 3.4% Hydropower 115 GWh 25.6% Wind Power 868 GWh 5.8% Wood + other bio 198 GWh 36.0% Nuclear Power 1224 GWh 4.9% Industrial Gas 167 GWh 9.5% Peat 321 GWh Other 5.2% Coal 178 GWh 0.1% Other fossil 2 GWh Business areas EPV Power 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 Swedish hydro power through the company Voimapiha. EPV Wind 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 Heat 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 Seinäjoen Voima 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 Infra EPV Infra produces services for the Group companies, including EPV Alueverkko, EPV Tase, EPV Teollisuusverkot, Suomen Energiavarat and Vaskiluodon Teollisuuskiinteistöt. Annual Report 2020 READ Corporate Responsibility Report 2020 READ EPV Energia Oy Etusivu Yritys Liiketoiminta-alueet Ajankohtaista Yhteystiedot Työpaikat SVE ENG Ajankohtaista Mats Söderlund on nimitetty EPV Energian talous- ja rahoitusasioista vastaavaksi johtajaksi ja toimitusjohtajan sijaiseksi Uusi kaukolämpöakku- ja sähkökattilainvestointi Seinäjoen voimalaitosalueelle EPV Energian kuudes tuulivoimapuisto rakennetaan Närpiön Norrskogeniin Liiketoiminta-alueet EPV Voima EPV Lämpö EPV Tuuli EPV Infra Yhteystiedot Kirkkopuistikko 0 65100 Vaasa 010 505 5000 etunimi.sukunimi@epv.fi TIETOSUOJAILMOITUS DATASKYDDSMEDDELANDE PRIVACY NOTICE © EPV 2021