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Vantaa Energy

Vantaa Energy is one of Finland’s largest city energy companies. Our goal is to be a carbon-negative circular economy energy company by 2030. We are constantly innovating to produce affordable, reliable, climate-friendly energy and energy-efficiency services for Vantaa homes and businesses today and tomorrow.

Vantaa Energy’s presentation

Vantaa Energy’s presentation as PowerPoint

Vantaa Energy progressing towards carbon negativity in 2030

Vantaa Energy’s goal-oriented work to reduce carbon dioxide emissions continues with the launch of the company’s project entity, Carbonnegative 2030. As a result of the plan consisting of four main projects, Vantaa Energy with its operations will sequester more carbon dioxide than it releases into the atmosphere, taking it towards carbon negativity in 2030.

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Waste-To-Energy Plant: a new life for rubbish

Thanks to the Waste-To-Energy Plant commissioned in 2014, the amount of waste produced by the residents of the Helsinki region which ends up in the landfill is reduced by 374,000 tonnes. The plant reduced Vantaan Energia’s use of fossil fuels by 40 per cent and carbon dioxide emissions in Vantaa by 30 per cent. 

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Responsibility is not just another word to us. Responsibility means that we do things properly, whether it’s to do with our customers or society at large. With our good financial standing, we ensure that our operations are sustainable for the benefit of our owners, i.e. the citizens. On the other hand, we are responsible for offering our customers a better service than they can even think to request. We are also aware of our responsibility for the environment: we contribute to mitigating climate change.

Electricity networks

We need a reliable infrastructure to maintain a smooth supply of electricity and to keep Vantaa moving. Vantaa Energy Electricity Networks Ltd takes care of the construction, operation and maintenance of Vantaa’s electricity network. The company is fully owned by Vantaa Energy Ltd.

Financial key figures

Group 2022 2021 2020
Turnover, EUR mill. 299,5 275,9 217,5
Operating profit, EUR mill. 57,4 44,1 64,1
 % of turnover 19,2 16,0 29,5

Return on equity (ROE),%

0,7 9,3 18,5
Equity ratio, % 34,4 40,7 42,6
Gross investments, EUR mill 90,2 96,0 133,2
% of turnover 30,1 34,8 61,2
Parent company 2022 2021 2020
Turnover, EUR mill. 257,6 225,8 171,0
Operating profit, EUR mill. 35,0 37,1 48,0
 % of turnover 13,6 16,4 28,1
Return on equity (ROE),% -5,9 9,8 19,6
Equity ratio, % 31,1 39,6 40,0
Gross investments, EUR mill 72,3 84,4 121,9
% of turnover 28,1 37,4 71,3

Financial Statement 2022