Teollisuuden Voima Oyj publishes Annual Report 2022
In 2022, the share of nuclear power was approximately 35 percent of all electricity produced in Finland. During its over 50-year history, Teollisuuden Voima Oyj (TVO) has produced more than 550 terawatt hours (billion kilowatt hours) of climate-friendly electricity in total.
The electricity generation at TVO’s Olkiluoto nuclear power plant totalled 16.35 terawatt hours in 2022, which accounted for about one-fifth of all electricity consumed and about 24 percent of all electricity produced in Finland. The combined load factor of the Olkiluoto 1 (OL1) and Olkiluoto 2 (OL2) plant units was 93.0 percent. The Olkiluoto 3 (OL3) plant unit’s load factor during test production was 16.9 percent. The consolidated turnover was EUR 358.2 (298.7) million.
During 2022, the OL3 plant unit’s test production gradually proceeded to tests at full reactor capacity. OL3’s regular electricity production starts in March 2023.
TVO’s Annual Report 2022 has been published on 15 February 2023 at approximately 3 p.m. EET in Finnish and English, and is available on TVO’s website at www.tvo.fi/financialpublications.
The Annual Report consists of the Report of the Board of Directors, Financial Statements, Corporate Governance Statement, as well as the Annual and Sustainability Report. The Report of the Board of Directors contains TVO’s EU Taxonomy reporting. TVO’s Financial Statements have been published according to European Single Electronic Format (ESEF) reporting requirements.
For further information, please contact:
Anja Ussa, Senior Vice President, Finance, Tel. +358 (0)50 342 3464
Teollisuuden Voima Oyj has produced electricity for its shareholders, Finnish industrial and energy companies, safely and reliably for over 40 years. Nuclear electricity generated at TVO's Olkiluoto plant covers approximately 30 percent of Finland’s electricity demand once Olkiluoto 3’s regular electricity production has started. Climate-friendly nuclear electricity not only benefits society but also reduces the environmental impact of energy production. Moreover, the world's first final disposal facility for spent nuclear fuel is under construction in Olkiluoto.