EPV Energy Ltd (EPV) is a Finnish energy company that generates and acquires electricity and heat and supplies them 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 more than 65 years of experience in responsible energy generation. We focus on emission-free and reliable energy generation with determination and purpose. At EPV Energy, we have greatly improved our range of energy generation, resulting in significant reductions in carbon dioxide emissions. We aim to achieve carbon-neutral electricity generation by 2035.
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 2019, the Group’s total power procurement was 4,343 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:
- Nuclear power 1,236 GWh
- Hydropower 880 GWh
- Wind power 755 GWh
- Biofuels 244 GWh
- Coal 240 GWh
- Peat 461 GWh
- Industrial gases 175 GWh
- Other fossil fuels 2 GWh
- Market price electricity 350 GWh
In 2019, the average carbon dioxide (CO2) emissions of the electricity supplied by EPV Energy were 154.2 g/kWh. The average use of nuclear fuels in the generation of the electricity supplied to the company’s shareholders was 0.8 mg/kWh.
The average emissions of the electrical energy acquired through generation shares in 2019 were:
- Nitrogen oxide emissions 135.5 mg/kWh
- Sulphur dioxide emissions 97.1 mg/kWh
- Particle emissions 4.7 mg/kWh
EPV Energy’s specific CO2 emissions
More than 65 years of experience in responsible energy generation
Founded in 1952, EPV Energy was first known as Etelä-Pohjanmaan Voima. The company’s roots are in Ostrobothnia, where the region’s electricity power plants opted to join forces as the demand for electricity grew. Over the decades, EPV Energy has expanded its operations to cover the whole country and also into Sweden.
| Assets MEUR (balance, assets) | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Non-current assets | 497.77 | 531.73 | 626.86 | 630.49 | 625.12 |
| Inventories | 6.19 | 5.56 | 5.82 | 5.94 | 7.18 |
| Non-current receivables | 63.04 | 35.26 | 38.79 | 45.30 | 65.23 |
| Current receivables | 103.88 | 76.04 | 75.08 | 66.20 | 69.95 |
| Receivables, marketable securities, cash and cash equivalents | 40.59 | 71.24 | 50.69 | 79.53 | 68.94 |
| Altogether | 711.47 | 719.83 | 797.24 | 827.46 | 836.41 |
| Liabilities MEUR (balance, liabilities) | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Equity | 359.72 | 346.11 | 356.41 | 345.81 | 370.70 |
| Minority interest | 7.54 | 7.61 | 7.99 | 8.09 | 8.11 |
| Non-current liabilities | 280.75 | 294.37 | 330.18 | 373.76 | 320.43 |
| Current liabilities | 63.46 | 71.74 | 102.66 | 99.80 | 137.17 |
| Altogether | 711.47 | 719.83 | 797.24 | 827.46 | 836.41 |
