The Chemical Industry Wants More Nuclear Power in Finland - Warns About Soaring Prices
The Finnish Chemical Industry Federation advocates for increased nuclear power to ensure energy availability and stabilize electricity prices amid fluctuating wind and solar power production.
The Finnish Chemical Industry Federation, known as Kemianteollisuus ry, has taken a strong stance in favor of expanding nuclear power in Finland. According to a survey conducted among its member companies, over three-quarters of business leaders believe that additional nuclear power is essential to secure electricity availability and encourage industrial investments. With the current unpredictable output from wind power and the limited contribution of solar energy during winter peaks, the federation argues that a stable energy source like nuclear power is necessary for sustainable industrial growth.
Sami Nikander, the director responsible for sustainability and industrial policy at Kemianteollisuus ry, emphasizes that the green transition and industrial investments cannot rely solely on weather-dependent energy sources. He highlights that the energy landscape in Finland has become increasingly costly this year, with prices higher than in neighboring countries like Sweden and Germany. The chemical industry is feeling the impact, with over 60% of member companies reporting that the high electricity prices this winter have negatively affected their profitability.
The situation highlights the urgent need for stable and predictable energy production in Finland, particularly as industries strive to adapt to changing energy market conditions. With electricity prices soaring at the beginning of February, the federation warns that without a significant increase in nuclear energy capacity, Finland risks facing critical energy supply challenges and compromised industrial competitiveness. This call for more nuclear power illustrates the broader debate on energy policy and the future of sustainable industrial operations in Finland.