Vantaa Energy

Vantaa Energy

Vantaan Energia is one of the largest city energy companies in Finland. We produce heat and electricity, and we sell cold and heat services and energy efficiency solutions. We want to make our customers’ lives easier by providing continuously developing, environmentally friendly services that meet their needs.

The energy sector plays a significant role in climate change mitigation. We want to be part of the solution. We are a growing circular-economy energy company that invests in finding carbon-neutral energy solutions and in climate change mitigation: we will phase out the use of peat by 2021 and coal by 2022. Our energy production will be free of fossil fuels by 2026.

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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Vantaan Energia to phase out fossil fuels already by 2026

Vantaan Energia is taking another leap in its climate targets by phasing out fossil fuels by 2026. The rapid schedule is enabled by the utilisation of excess energy produced in waste processing, seasonal storage of heat, and the use of geothermal ground-source heat and solar energy. 
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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 2020 2019 2018
Turnover, EUR mill. 217.5 295,1 303,0
Operating profit, EUR mill. 64.1 58,9 47,1
 % of turnover 29.5 18,4 15,5

Return on equity (ROE),%

18.5 16,6 13,9
Equity ratio, % 42.6 41,0 38,5
Gross investments, EUR mill 133.2 42,3 110,3
% of turnover 61.2 14,3 36,4
Parent company 2020 2019 2018
Turnover, EUR mill. 171.0 249,0 258,5
Operating profit, EUR mill. 48.0 32,3 32,6
 % of turnover 28.1 13,0 12,6
Return on equity (ROE),% 19.6 11,8 12,8
Equity ratio, % 40.0 38,0 35,7
Gross investments, EUR mill 121.9 30,9 95,0
% of turnover 71.3 12,4 36,7

Financial Statements 2020

Financial Statements 2019

Financial Statements 2018