Vantaa Energy

Vantaa Energy is one of Finland’s largest city energy companies. We produce and sell electricity and district heat. We also offer natural gas to industry. Our pride and joy is the waste-to-energy plant, completed in 2014, that puts unwanted waste to use. The City of Vantaa owns 60 per cent and the City of Helsinki 40 per cent of our company. Therefore, we are an energy company owned by the local residents. And we are very proud of that.

There are as many energy needs as there are consumers, and it is our task to meet these needs. We want to be an energy company that the customer doesn’t have to think about too much: together we can find the most suitable solution, and we will take care of the rest. It is our customer’s task to enjoy their warm home and a reliable electricity supply.

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 Vantaa Energy’s use of fossil fuels by 40 per cent and carbon dioxide emissions in Vantaa by 30 per cent. Therefore, we build a more sustainable future with Recycled Electricity and Recycled Heat.

Vantaa Energy is on the road to coal-free production

Completed in 2014,  waste-to-energy plant was a huge step towards a cleaner future and reduction in the use of fossil fuels. Next, we will retrofit the Martinlaakso power plant for the use of domestic biofuel. As a result, the use of fossil fuels, i.e. coal and gas, will be reduced further to a significant degree. Vantaa Energy has declared its target to completely withdraw the use of coal in the 2020s.

After the biomass plant was completed in 2019, Vantaa Energy’s use of fossil fuels will fell by about 65% and carbon dioxide emissions by about 45% on the 2013 level.


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 2018 2017 2016
Turnover, EUR mill. 303,0 285,3  284,5
Operating profit, EUR mill. 47,1 54,8  50,2
 % of turnover 15,5 19,2  17,6

Return on equity (ROE),%

13,9 20,3 16,4
Equity ratio, % 38,5 41,7 38,0
Gross investments, EUR mill 110,3 44,4 41,8
% of turnover 36,4 15,6 14,7
Parent company 2018 2017 2016
Turnover, EUR mill. 258,5 245,1  249,1
Operating profit, EUR mill. 32,6 36,8  39,8
 % of turnover 12,6 15,0  16,0
Return on equity (ROE),% 12,8 18,1  12,5
Equity ratio, % 35,7 39,6  36,3
Gross investments, EUR mill 95,0 30,0  27,9
% of turnover 36,7 12,6  11,2

Financial Statements 2018

Financial Statements 2017

Financial Statements 2016

Financial Statements 2015