Industrial Scale Projects in Finland 2025 (Tesi Finnish Industry Investment)

Summary

• The Confederation of Finnish Industries data dashboard lists projects worth more than 300 billion euros.p.10
• Power-to-X projects total €24.7 billion in value pending, up 6.2%.p.12
• Data centre projects total €21.0 billion in value pending, up 117.8%.p.12
• Metals and minerals projects total €17.0 billion in value pending, up 4.4%.p.12
• Bioproducts projects total €8.1 billion in value pending, down 3.2%.p.12
• Tesi acts as a minority investor taking 10–20% of a funding round, with an expected return of ~15–20% IRR.p.23

Key insights

1. Finland's industrial projects are largely based on clean and cheap energy production and strong infrastructure.p.4
2. Interesting growth opportunities include hydrogen and its derivatives, bioproducts, metals and minerals, and data centres.p.4
3. The current focus should be on getting projects to the construction phase to translate investment intentions into investment.p.4
4. Investment intentions have increased despite the economic downturn, with significant growth in Q2–Q3/25.p.12
5. Finland's climate policy aims for carbon neutrality by 2035.p.14
6. Long-term power purchase agreements are used to hedge against fluctuations in electricity prices.p.29
7. Without a long-term offtake agreement a project will not be eligible for debt financing.p.33