Published on : Oct 07, 2016
ALBANY, New York, Oct 07, 2016: Finland’s reliance on nuclear energy for its nation power needs is poised for growth in the coming years, finds a new report that is now available on ResearchMoz.us. According to the report, in spite of this unmistakable trend, the growth of the nuclear power industry will still be slower than that of other sources of power generation. It is estimated that by the end of 2030, renewable energy will dominate the power mix by 2030. These and other important trends pertaining to the nuclear power sector in Finland are captured in the report, titled “Nuclear Power in Finland, Market Outlook to 2030, Update 2016 - Capacity, Generation, Investment Trends, Regulations and Company Profiles.”
The report conducts a meticulous analysis of nuclear power in Finland. Recently announced ambitious investments in the Finnish nuclear power sector could create bright prospects for companies directly and peripherally operational in this market through 2030. The nuclear power sector in Finland is expected to receive a fillip with Hanhikivi 1 due to come online by 2024. The 1,200 MW nuclear power plant, once operational, could feed the country nearly 10% of its energy. As of June 2016, it is estimated that the four operational nuclear power plants in Finland collectively supply the country with nearly 30% of its energy.
Besides creating a bouquet of opportunities for companies engaged in the nuclear power sector in Finland, multibillion Euro projects such as this one could lend the country’s economic growth a helping hand. Like many of its counterparts in Europe, Finland is also looking to incorporate more biomass-based fuels to satiate its hunger for energy. All the same, recent reports prove that the company is simultaneously looking toward nuclear power to play the anchor role in its energy mix that coal once played. This could create well-paying long-term opportunities in Finland’s nuclear industry.
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An analysis of all the factors promoting and inhibiting the growth of nuclear power in Finland is conducted in the study. According to the report, the growing interest in biofuels and wood-based biomass could eat into the revenue generation potential of the nuclear power sector in Finland. What opportunities can be harnessed to mitigate the impact of factors such as these has also been discussed in the report.
The report profiles leading companies in the nuclear power sector in Finland to create a holistic picture of the current competitive landscape. To this end the report extensively profiles Teollisuuden Voima Oyj, a leading player in nuclear power in Finland. The findings of the study are supported with a wide array of tables and figures.
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