Fingrid to increase its use of green financing
Fingrid has established a Green Finance Framework and a Green Euro Commercial Paper Programme that enable the company to cover its debt financing entirely with green financing.

The new Green Finance Framework integrates Fingrid’s sustainable strategy, which enables Finland to reach its climate goals, further into the company’s financing activities. The short-term goal is to significantly increase the share of green financing in the company’s debt financing. Alongside the new framework, Fingrid has established a EUR 600 million Green Euro Commercial Paper Programme, which will allow the company to cover its short-term financing needs by issuing commercial paper with a maturity of up to one year. The company has used green financing to finance investment projects since 2017 (Green Bond). The new framework will expand Fingrid’s use of green financing to cover all its debt financing needs.
Fingrid has long been engaged in purposeful work to enhance Finland’s competitiveness and promote the green transition. Corporate responsibility is an essential aspect of Fingrid’s business and value-creation for society and its various operators. Climate change mitigation and Finland’s target of becoming carbon neutral by 2035 are the company’s key commitments to sustainable development. Fingrid uses green financing to develop and expand the main electricity grid, enabling the transition to a clean electricity system. The ten-year main grid development plan published in summer 2023 calls for investments of approximately EUR 4 billion.
“Finland is building one of the world’s cleanest energy systems, which will create opportunities for significant economic growth. This development requires investments and close cooperation. It will also present business opportunities for many different operators. Fingrid is enabling the growth of new green industries in Finland by developing the electricity market and further strengthening its reliable main grid to cater for clean electricity production and consumption. This development is also an excellent opportunity for Fingrid to make increasing use of green financing to fund its investments,” says Jukka Metsälä, Fingrid’s CFO.
ISS Corporate Solutions, a specialist in assessing green financing, provided an independent second party opinion confirming the alignment of the framework with the International Capital Markets Association (ICMA) 2021 Green Bond Principles and the Loan Market Association (LMA) 2023 Green Loan Principles. ING acted as the sole green structuring advisor on the Green Finance Framework and the arranger of the Green ECP Programme.
For more information on the Green Finance Framework, the Second Party Opinion, and the Green ECP Programme, visit Fingrid’s website at https://www.fingrid.fi/en/green-finance-framework
Further information:
Jukka Metsälä, CFO, Fingrid Oyj, tel. +358 40 563 3756
About Fingrid Oyj
Fingrid is Finland’s transmission system operator. We secure reliable electricity for our customers and society, and we shape the clean and market-oriented electricity system of the future.
Fingrid delivers. Responsibly.
www.fingrid.fi
Alternative languages
Subscribe to releases from Fingrid Oyj
Subscribe to all the latest releases from Fingrid Oyj by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Fingrid Oyj
Fingrid slopar stamnätsavgifter och justerar nivån för stamnätets anslutningsavgifter21.9.2023 15:56:17 EEST | Tiedote
Fingrid planerar att slopa stamnätsavgifterna för sammanlagt sex månader under 2024 och därmed sänka stamnätsavgifterna för sina kunder med cirka 250 miljoner euro. Anledningen till denna plan är exceptionellt höga flaskhalsintäkter. Beslut har redan fattats om att slopa stamnätsavgifterna för januari, februari och juni 2024. För resten av året kommer beslut om slopade stamnätsavgifter att fattas under sommaren 2024. Anslutningsavgifterna för nya anslutningar till stamnätet kommer att justeras för att motsvara de ökade byggkostnaderna från och med 1.1.2024.
Fingrid jättää perimättä kantaverkkomaksuja ja tarkistaa kantaverkon liittymismaksujen tasoa21.9.2023 15:56:17 EEST | Tiedote
Fingridin suunnitelmissa on jättää perimättä kantaverkkomaksuja kaikkiaan kuudelta kuukaudelta vuonna 2024, ja alentaa näin asiakkaidensa kantaverkkomaksuja noin 250 miljoonalla eurolla. Suunnitelman taustalla on poikkeuksellisen suuret pullonkaulatuotot. Vuoden 2024 tammi-, helmi- ja kesäkuun kantaverkkomaksut on jo päätetty jättää perimättä. Loppuvuoden kantaverkkomaksujen perimättäjättämisestä päätetään kesällä 2024. Uusien kantaverkkoliittymien liittymismaksuja tarkistetaan vastaamaan rakentamisen nousseita kustannuksia 1.1.2024 alkaen.
Fingrid will waive grid service fees and adjust the level of grid connection fees21.9.2023 15:56:17 EEST | Press release
Fingrid plans to waive grid service fees for a total of six months in 2024, thus reducing its customers’ grid service fees by approximately EUR 250 million. The plan is a reaction to the exceptionally large amount of congestion income. The company has already decided to waive the grid service fees for January, February and June 2024. The decision to waive grid service fees for the remainder of the year will be made in the summer of 2024. The connection fees for new grid connections will be adjusted to reflect higher construction costs as of 1 January 2024.
Sähkön riittävyys tulevana talvena näyttää hyvältä7.9.2023 11:58:51 EEST | Tiedote
Fingrid on laatinut arvion sähkön riittävyydestä tulevana talvena. Viime talven epävarmuuksien väistyttyä sähkön riittävyys näyttää vakaalta. Sähkön käytön vähentäminen erityisesti pörssihintojen ollessa korkealla on jatkossakin tärkeää sähkön riittävyyden kannalta.
Finansiell information från Fingrid Oyj år 20245.9.2023 11:11:32 EEST | Tiedote
Fingridkoncernen publicerar år 2024 följande finansiella rapporter: 27.2.2024 bokslutskommuniké, verksamhetsberättelse och bokslut för 2023 25.4.2024 ledningens översikt 25.7.2024 halvårsrapport januari–juni 2024 30.10.2024 ledningens översikt Fingrids ordinarie bolagsstämma hålls preliminärt den 21.3.2024. Mer information: Ekonomi- och finansieringsdirektör Jukka Metsälä, Fingrid Oyj, tfn 030 395 5213
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom