Comment by distances
2 days ago
Finland does not have any geothermal. The country lies on two billion years old basement rock with approximately zero geothermal activity.
Wind is the dominanting renewable source, with enough of it for Finland to enjoy the second cheapest electricity in Europe last year. And indeed, even solar is profitable, hindered by the winters but helped by the long days during summer.
That is incredible. Why don't they have more power intensive industry as a result?
There is a fair amount of industry, but the buildup of wind power is relatively new. Lots of new datacenters are being built as cheap renewables, abundance of water, and a cool climate create a great environment for them.
Finland has lofty goals for becoming a hub for new green energy intensive industries, but these require large amounts of capital and it'll remain to be seen if that realizes.