Reliably. For you.
In addition to the parent company, the Savon Voima Group includes Savon Voima Verkko Oy, which provides network services, and Savon Voima Salkunhallinta Oy specialised in providing investment services in the energy sector. The Group’s business areas are electricity distribution, electricity sales, provision of portfolio management services, electricity generation and district heating. Electricity distribution is carried out in compliance with the Electricity Market Act, which means that electricity sales and distribution have been legally unbundled so that the subsidiary Savon Voima Verkko Oy is in charge of the distribution business. Portfolio management services are provided by the subsidiary Savon Voima Salkunhallinta Oy, the only energy company in Finland for which Finanssivalvonta has granted a licence conforming to the Investment Services Directive.
The Savon Voima Group is a wholly owned subsidiary of Savon Energiaholding Oy, which is owned by 20 municipalities. With its net sales of approx. EUR 184,1 million (2017), the company is one of the largest sellers of energy services in Finland. The Group employs about 178 professionals in the field, in addition to which we employ about 300 persons through our partners in co-operation.
The roots of Savon Voima are in Northern and Central Savo, where the company’s electricity and district heating networks, substations, power plants and heating plants provide energy services to 117,203 places of electricity use and to 3,008 district heat connections. With its annual investments of approx. EUR 64,4 million, the Group is the most significant investor and maintainer of energy infrastructure in the area.
In 2017, the volume of electricity sales was 1,381 gigawatt hours, and Savon Voima has in fact been a party to the largest electricity transactions concluded in both the business and private sector in Finland in recent years. Savon Voima is an active and reliable contracting party and broker-dealer also in financial transactions related to energy and environmental commodities.
Savon Voima’s 11 hydropower plants are located in Northern Savo, and the company’s combined heat and power plants are located in Iisalmi and Pieksämäki. Savon Voima’s associated company, Kymppivoima Oy, has holdings in Pohjolan Voima Oy and Etelä-Pohjanmaan Voima Oy, through which Savon Voima has production capacity throughout Finland. Through Kymppivoima Oy, Savon Voima also has production shares in the Ajos wind farm of PVO Innopower Oy in Kemi. We have been making investments in the utilisation of domestic fuels in a determined manner for many years, which has increased the share of locally sourced fuels I heat production to over 90 per cent.
Savon Voima is a competent partner for consumers, businesses and communities, providing them with a wide range of energy services.
Financial report 2018: A good year for Savon Voima – investments at a record level
For more information, please contact:
Arto Sutinen, CEO of Savon Voima Group
tel. +358 (0) 44 703 3130