Vantaan Energia Oy
| Date: | 18.8.2025 |
|---|---|
| Country: | Finland |
| Customer: | Vantaan Energia Oy |
| Amount in EUR: | EUR 50 million |
| Maturity: | 10 years |
| Business sector: | Public Sector & Utilities |
Project
The loan has been provided for Vantaa Energy Ltd to finance the company’s network investments for the period 2024–2028.
The project includes investments in new lines, upgrades to the old network, new substations and new smart meters. Vantaa Energy aims to construct the electrical networks in loops, meaning that each substation will be connected by two lines. This will significantly reduce the risk of blackouts and ensure greater reliability during crises. The total cost of the planned investments is EUR 100 million.
Vantaa Energy is one of Finland’s largest city energy companies. Its goal is to be a carbon-negative circular economy energy company by 2030. Vantaa Energy consists of the parent company Vantaa Energy Ltd, its subsidiary Vantaa Energy Electricity Networks Ltd (shareholding 100%) and the associated companies.
Fulfilment of NIB's mandate
Vantaa Energy expects a significant increase in power consumption over the coming years. This is due to population growth, industrial investments and the construction of a heat boiler in the district heating system.
The investment will upgrade the regional electricity grids in Vantaa and integrate renewable energy sources with the grid. The capacity in the network will increase by approximately 250–300 MW, connecting 12,000 new customers to it.
Impact indicators related to the loan:
- Increased capacity of the grid: 250–300 MW
- Added renewable energy capacity connected to the grid: 40 MW
Sustainability summary
The project aligns with the Bank’s sustainability policy and guidelines, and no significant sustainability risks have been identified in relation to the investments.
