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During 2021, Helen progressed in accordance with its strategy by making significant investments in both carbon-neutral energy production in Helsinki and in separate electricity production by wind power. Helen also implemented other targets according to its strategy as the energy transition gathered pace and turned into reality in the challenging market situation.

Helen took key decisions on accelerating carbon-neutral energy production in Helsinki. As a result of the decisions to close the Hanasaari power plant and end production by 1 April 2023 at the latest and to close the Salmisaari coal-fired power plant by 1 April 2024 at the latest, Helen will end the use of coal five years earlier than planned. The decision to end the use of coal also supports the target of Helen’s owner, the City of Helsinki, to be carbon neutral by 2030.

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Financial statements and report on operations