Plugged In: the energy news podcast
Coming from the heart of the Montel newsroom, Editor-in-Chief, Snjolfur Richard Sverrisson and his team of journalists explore the news headlines in the energy sector, bringing you in depth analysis of the industry’s leading stories each week.
Richard speaks to experts, analysts, regulators, and senior business leaders to the examine not just the what, but the why behind the decisions directing the markets and shaping the global transition to a green economy.
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Plugged In: the energy news podcast
Conditions ripe for Finnish wind boom
This year will see a 25% rise in wind power capacity in Finland, largely due to high electricity prices and low production costs.
However, additional green energy raises questions of flexibility in a system dominated by nuclear power, say Anni Mikkonen of the country’s wind power association and Jenni Patronen of Pöyry.
Host:
- Richard Sverrisson, Editor-in-Chief Europe, Montel.
Guests:
- Anni Mikkonen, CEO, Finnish Wind Power Association,
- Jenni Patronen, Senior Principal, Pöyry Management Consulting.
Hello listeners and welcome to the Monte Weekly podcast, bring You Energy Matters in informal setting. My name's Richard Sverrisson, and today we're in the beautiful and sunny city of Helsinki, and it's my great pleasure to have with me Anni from the Power Association. Welcome Annie.
Anni Mikkonen, CEO, Finnish Wind Power Association:Thank you.
Richard Sverrisson, Editor-in-Chief Europe, Montel:And, and Jenni Patronen from Pöyry. I, I probably pronounced that, uh, wrongly, but uh, but welcome to you as well, Jenni.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Thank you.
Richard Sverrisson, Editor-in-Chief Europe, Montel:I think what we can kick off to talk about wind, Anni, I was looking at some figures yesterday and, um, very little new additions last year in Finland. What, what's the reason behind that?
Anni Mikkonen, CEO, Finnish Wind Power Association:Well, there was actually no added capacity coming online last year because there was a change in the support mechanisms. Earlier.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm.
Anni Mikkonen, CEO, Finnish Wind Power Association:In, in 2015, actually it was the change made, the last projects that were able to, to access to the feeding tariff mm-hmm. Came online in 2017. Okay. And in 2017, the electricity market price in Finland was still rather low. Yeah. And the production costs of wind power were so high. Mm-hmm. That. You could not really invest in wind without governmental subsidy. Okay. But now the situation is totally changed. Mm. Because the electricity market price has gone up. Mm. And the production costs have been keeping coming down.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm.
Anni Mikkonen, CEO, Finnish Wind Power Association:And um, now we have something like 520 megawatts under construction without governmental support. City.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay. This is this year so far. This year?
Anni Mikkonen, CEO, Finnish Wind Power Association:Yeah, this year. Yeah. They are under construction. Some of them are coming online next year. Mm-hmm. Most of them coming online this year. Okay. But there's like 25% increase in the capacity without subsidy. Now
Richard Sverrisson, Editor-in-Chief Europe, Montel:that's that. This is, and we're talking onshore wind. Mostly onshore Wind. Wind. So this could. This could boost finish wind power capacity by what's currently about 1.7 gigawatts. Is it installed wind capacity in Finland?
Anni Mikkonen, CEO, Finnish Wind Power Association:Little bit over 2000.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay. 2000 megawatt. Yes. So, so this is, this is 25% as you say. Yes. Addition. So that's quite substantial. Any, do you agree with this view that this is basically because of the move from a subsidy to a tender system that's, that caused maybe last year the slowdown in wind power growth, but. This year with, as Annie said, with the market price increasing and the production costs or the marginal cost of wind power coming down, this has boosted wind in Finland.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yes. I think that the situation has changed as Anni, Anni, just described. Mm. So kind of critical change in the situations before this, I think there was also kind of a bit of waiting with what happens with this. New team for that, the support team for the wind and, and that that kind of many projects were waiting if they get accepted to the, uh, new system. But at the same time, there were a lot of projects looking for PPA off takers and, and kind of being built and, uh, or the investment meant, uh, decision being made. Mm, made on the merchant basis.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay, we'll we'll come back to PPAs I think 'cause that's quite an interesting sort of financing model for, for wind power. But why is Finland attractive for, for wind power developments would you say? Uh, Yanni,
Jenni Patronen, Senior Principal, Pöyry Management Consulting:well, I think the Nordics in general are very attractive and, uh, and Finland is, is kind of part of that. Uh, Sweden and Norway are better sites, but, uh, Finland as well has a very good, very good wind sites and it's not. As developed yet as a market, as as Sweden. So, so there's a lot of opportunities here in Finland to invest in wind.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm. Would you agree with that, Tony? Yes. So, so, so why is Finland then attractive for investors, would you say, compared to its neighboring markets?
Anni Mikkonen, CEO, Finnish Wind Power Association:I agree with everything that Yen said. Mm-hmm. But I would like to add that we have very little height restrictions in Finland. Meaning that you can use the state of the art technology. Mm-hmm. So high. Highest possible turbines to access to more or stronger winds. Mm-hmm. And, um, as Yanni said, uh, we have fairly little of capacity so far, meaning that, uh, there's a lot of space in Finland. Mm-hmm. Like the land area is about the same size as Germany. Mm. And there's only 5.5 million of fin around. Mm. In Germany, there's like 82 million of of Germans. So there's plenty of space. Mm-hmm. We have good grid
Richard Sverrisson, Editor-in-Chief Europe, Montel:mm-hmm.
Anni Mikkonen, CEO, Finnish Wind Power Association:And good locations as CNI said.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Yeah. And what, what are the wind conditions like here?
Anni Mikkonen, CEO, Finnish Wind Power Association:Uh, for the newest technology? Fairly good.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm.
Anni Mikkonen, CEO, Finnish Wind Power Association:That you have, you can see quite remarkable capacity factors mm-hmm. In the newest wind farms in Finland.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm. So you're saying, um, you can have the very high turbines, but you can also have the up to five megawatts per turbine, is it? Um. Is that that's what could be built?
Anni Mikkonen, CEO, Finnish Wind Power Association:Yeah. At the moment, most of the turbines under construction are between four and five megawatts. Mm-hmm. Um, but there's, the capacity of the turbines is not limited by the authorities, so you can use that technology that suits the area best.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay. And you, you mentioned the production cost or the marginal cost. Could you give us a bit more, a few more details there and
Anni Mikkonen, CEO, Finnish Wind Power Association:Well, um, it's difficult for me to talk about prices. Mm. Because I am representing a, an association of course. Yeah. That is wellbeing for wind power part. Of course, I can repeat what is said in the newspaper already in Finland. So you have seen last autumn several. Uh, interviews in the newspapers where the producers have said that you can sign a PPA with less than 35 euros per mega hour. Mm-hmm. With the best wind power sites in Finland.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm. So that makes it very competitive. Absolutely. Yes, it does. We've seen countries and other areas where there's been a lot of vocal opposition to wind. Certainly now it's a, there's a big movement in, in Norway to try and halt, you know, onshore wind in, in the western parts near, near Heim. Is this an issue in Finland Uni?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Well, as Army said that we have a lot of space in, in Finland, but for sure there's also, also kind of positioned for a wind, uh, wind in, in Finland as well. And, and. There's always someone has a, some cottage, some somewhere, somewhere. But, uh, but it, uh, typically just addresses a few persons and, and not that, uh, that big crowd of people in us, as in many other countries. But, uh, but uh, yes, I think that that should be taken into account. Okay.
Richard Sverrisson, Editor-in-Chief Europe, Montel:So is this Nimbyism or is it more, is it more serious than that, Annie? I mean, um, you know, the opposition for someone. Maybe 'cause they have the summer house or local residents. Is, is this preventing the, the, the growth of wind in Finland?
Anni Mikkonen, CEO, Finnish Wind Power Association:Uh, well, I wouldn't like to call or, or use the word ndi. Mm-hmm. In, in as, as such. Mm-hmm. Because usually those people who are opposing a wind farm somewhere, they usually have, or they are the, the concerns and worries are real for them. Mm-hmm. So, uh, what we like to emphasize is that it really depends on the project developers and the municipalities to have, they should have an open dialect with the people to really. To really take into account their worries, to answer to their worries. Mm. But of course, you can't just make everybody happy. Wind power is as any other big project that there's, of course, there's always somebody who is not happy with it. Mm. And that should be also accepted.
Richard Sverrisson, Editor-in-Chief Europe, Montel:What's the main concern? Is it because of. The natural world, is it because of the way it looks or is it a danger to, to birds or is it the noise or what? What are the main concerns?
Anni Mikkonen, CEO, Finnish Wind Power Association:Well, I think the most discussion that we've had in Finland has been about noise. The people are concerned about the noise. Then of course the big thing is of course, that if, if your turbine, if, if the deep height of it is over 200 meters or two, even 250 meters, as are the highest turbines under construction right now, you can't really hide it. Mm. And so it'll change the scenery and then we'll discuss about the birds, of course, and bats.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Mm-hmm. Yep. Absolutely. How about offshore wind? Is that, is that discussion at all? In, in Finland
Anni Mikkonen, CEO, Finnish Wind Power Association:there are several projects under development. Mm-hmm. The first offshore wind farm was constructed in 2017. Mm-hmm. So we have one. Mm-hmm. Offshore wind already. They're in place. Yeah, yeah, yeah. Excellent. But, um. As onshore wind can be constructed without governmental subsidy. Right now, offshore wind is not yet there. It would need some financial push from the government and that we are still lacking.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay.
Anni Mikkonen, CEO, Finnish Wind Power Association:But what was good to see was in the nearly published governmental program that there were several sentences about offshore wind in it. Okay,
Richard Sverrisson, Editor-in-Chief Europe, Montel:interesting. Absolutely. Yeah. You mentioned PPAs earlier. Is this, is this likely to, to boost wind even greater in, in Finland? We've seen a lot of growth in, or a lot of PPAs related to wind in, in Sweden and in Norway and also other countries, you know, from the UK to, to Spain to to to France. But how about Finland? What, what's, what's the status here?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Well, we have seen the first, uh, first PPAs to be be signed and, uh, and, but I think the Finnish market is, is still developing from that, that perspective that we have a lot of developers and, and a kind of very, very attractive PPAs would be available to my understanding. But the Offtaker market part is, is not, uh, not yet. Mm-hmm. So, so developed. So there are kind of, uh. Few off takers who are, who are active, and, uh, and the kind of for, for the Finn, um, energy users, uh, and for the energy utilities, this is something new and they, they are kind of, many are still kind of considering how, how they should, uh, think about the PPAs, this, uh, this something that they can go on with or, or is it not for them? So, uh, I think this. It makes it a bit slower in Finland, but I, I assume that there will develop the market because of the very attractive, uh, prices we see. And, and if you think about, what's your, your view on the, on the electricity price for next 10, 10 years, then I would assume that, uh, prices below 35 are. Quite reasonable, absolutely
Richard Sverrisson, Editor-in-Chief Europe, Montel:quite attractive. Uh, but who are the companies that are interested in this?'cause we've seen both the combination of sort of industrial firms, you know, big aluminum producers to also, you know, the Googles, the Amazons. So who, who, who is sort of interested in the PPA market in, in, in Finland.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Well, I think publicly there's a Google and Nika as well in Finland. But, uh, where very kind of specific Finnish thing is that, that we have this manga model model where many of the, of the large, uh. And it, and its users are kind of, they own capacity from, uh, from, um, nuclear plants through man color model, for example, or they, there's a
Richard Sverrisson, Editor-in-Chief Europe, Montel:very finished phenomenon, isn't it monk man color? Is it?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yeah. So with the, with this kind of model, they, they get a share of the, of the, um, electricity capacity in nuclear or some other CHP plants as well. And, uh, and then they have the electricity price, uh, fixed for, for sourcing electricity. Does
Richard Sverrisson, Editor-in-Chief Europe, Montel:that reduce the incentive then to get involved in, in PPAs or to sign long-term deals with, with renewables? Uh, renewables. Producers or developers? Yeah. Well,
Jenni Patronen, Senior Principal, Pöyry Management Consulting:it, it could be, but uh, on the other hand, they should be then more familiar with this kind of, uh, uh, long-term contracts. But the, I think they still see PPS as something a bit different than, than the Mangala model. Mm-hmm.
Anni Mikkonen, CEO, Finnish Wind Power Association:But one has to keep in mind that they ask actually several, uh, man gala companies also in wind power. So, okay. Um, while we are talking about PPAs mm-hmm. It are really important. Mm. Um, there's now some 13 projects under construction. Mm-hmm. And one of them in Finland Yeah. In Finland. One of them is done with Mangola model. Mm-hmm. And all the rest with PPA. But still, um, they are manka companies and we are waiting for them to maybe invest also in coming years.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Absolutely. Yeah. The energy mix varies or nuclear dominated with CHP. Would, do you think the growth in renewables will reduce the need for, for sort of imports at peak times? From, from Russia or from from Sweden or from the Baltics?
Anni Mikkonen, CEO, Finnish Wind Power Association:Well, um, that remains to be seen because, you know, um. To maybe some 20% of our electricity production is still done with fossil fuel in Finland. So of course wind will first replace that as long as the electricity in our neighbor is cheaper than the electricity in Finland. Of course. Yeah. So first, we'll replace the more expensive fossil fuels, and only after that the imports.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Yeah, we, we've seen a new government taking shape here in Finland. How will that impact the energy mix here?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Kind of first impressions of the, of the government program was that, that they, they have a very ambitious targets, but, but they also rely on the markets like, uh, saying for onshore wind, that, that, uh, they see that no, no support is, is needed. And, uh, Pete, which is also specific fuel in, in Finland, yeah, there wasn't anything kind of so, so clearly defined, uh, target for that. But, uh, about that the markets will, uh, will lead to. Decreasing use of, of, uh, Pete as well. So I think that the government, uh, seems to, seems to kind of quite a lot rely on, on markets if I think about it from the electricity, electricity sector side. And, and I think
Richard Sverrisson, Editor-in-Chief Europe, Montel:this, so the government is very market based. It's looking at or, or has markets, mechanisms as a part of its core policy issues or, you know, um, tenants.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yes, I think so. Although you wouldn't assume that this government so, so much relying on the, on the market, uh, market development. But, uh, but I think from the electricity market perspective, it is, it is quite a lot. There wasn't any kind of clear restrictions or on anything, or, or introduction of any, any kind of support teams or, mm-hmm.
Richard Sverrisson, Editor-in-Chief Europe, Montel:I
Jenni Patronen, Senior Principal, Pöyry Management Consulting:think like that.
Richard Sverrisson, Editor-in-Chief Europe, Montel:But you mentioned peat. I mean peat, you know, it's a, it's a very Finnish phenomenon in a way. It's used in CHP plants mostly. Yes. Um, and do you expect that to slowly be phased out then? Yes. Yeah.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yes, because of the, of the emission trading in. Okay. So the higher CO2 price drives, uh, biomass.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Okay. We, there's some conference going off now. I can hear it in the background yet, but No, please don't let me disturb you. Yeah, absolutely. So basically 'cause of the price of, of emitting. Uh, the CO2, it'll be phased out just in that way rather than direct policy intervention.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yes, yes, of course. Kind of on CHP side, then the fuel taxes also impact mm-hmm. Impact the competitiveness of different fuel. So, so I understand that the government is going to increase the fossil fuel and quite likely. Something will happen with pea taxation as well, which will of course also then increase the, the kind of impact of, or you have the, together the taxes and the CO2 cost. Cost, which will drive the development to, to replace fossil fuels and pea with the biomass. Mm. Mm-hmm.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Will it happen in the next few years or by 2025 or 2030, do you think? I mean, when can Finland be fossil fuel free if you like.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Uh, well, I think it's, uh, it's already kind of happening. It depends on the location, on the investment needs in each location, how you can replace fossil fuels with the, with biomass. Mm-hmm. And, and kind of there are the large cities which need to make, make a larger investments mm-hmm. To be able to, to get rid of fossil fuels. But in many, many locations you can just increase the share of biomass and you use the CHP plants. Well, we have now the, the, the previous government made the decision to, to face out Outhaul by 2029. Mm. So that will,
Richard Sverrisson, Editor-in-Chief Europe, Montel:that, that's still, still there. This is corn. Yeah. Do you see the new government as being very wind friendly? Only
Anni Mikkonen, CEO, Finnish Wind Power Association:if I dare say, I would say that it's more wind friendly than the last government that mm-hmm. We had the previous government that we had. Mm-hmm. The governmental program has got ambition. On reducing CO2 emissions. The, the government is saying that we should be the first carbon neutral country. Mm-hmm. Which is, uh, quite an ambitious target. When you look at, for example, what Es are doing in Swedes are doing, mm-hmm. There are several sentences concerning wind that are rather good, like, um, trying to, for example. Find out how we could help out the offshore mm-hmm. With the industry and what to do with planning and permitting to make it easier. Mm-hmm. To develop, to speed up. To speed up, speed up to the G. Yeah. Yeah. So, yes, I would say that they are fairly positive,
Richard Sverrisson, Editor-in-Chief Europe, Montel:Finland's very dominated by, by nuclear power as well. It's a very prominent part. Can nuclear and wind happily coexist in the energy mix? Are they a good combination, would you say, on it?
Anni Mikkonen, CEO, Finnish Wind Power Association:Well, of course both of them are thought that with nuclear and with windpower, you need a lot of flexibility in the market. Mm. For different reasons. Mm-hmm. The other one is study production and the other one is then intermittent production. Mm-hmm. And both of them need flexibility, like demand response, uh, interconnections to other countries to balance the situation mm-hmm. With these amounts of, of capacity that we have nuclear and that is coming online. Eventually,
Richard Sverrisson, Editor-in-Chief Europe, Montel:we dunno when, but hopefully next year maybe we'll come back to that. Yeah. Yeah. Eventually
Anni Mikkonen, CEO, Finnish Wind Power Association:there can be a significant increase in on wind power without the system suffering of it. Okay. But as said, we need flexibility.
Richard Sverrisson, Editor-in-Chief Europe, Montel:So that's, that could be a limit on the growth of wind power. Then you need, you need something. In the system to, to manage the flexibility because you can't drive nuclear plants up and down in the same way to meet wind power production, is that what you're saying? Uh,
Anni Mikkonen, CEO, Finnish Wind Power Association:well, I'm, I'm not really saying that it's because of nuclear. In, in, in general, when you have intermittent production, you need flexibility in the system like you do in Denmark, in, in Ireland, where you have a lot of wind. Absolutely. It's same everywhere.
Richard Sverrisson, Editor-in-Chief Europe, Montel:So that could come in demand side response come in, batteries. Yes. It could be all, all that. All that's gonna make janni. Do you have a view on this, on wind and nuclear coexisting in, in the Finn energy mix?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yes, of course. It's not the kind of perfect match. Hmm. But, uh, but I don't see this as being a major problem in the market market. So we have good interconnections to, to the neighboring countries and, and kind of, there's so much, uh, hydro capacity in, uh. Norway, Sweden, that really kind of balances the, the market, uh, here as well. Quite easily I would say, like compared to many, many other countries. And like when we do the market modeling for kind of with a lot of wind in the market, we see that that, uh, the kind of the role of high from, from the Nordic market, that that balances the mm-hmm. The.
Richard Sverrisson, Editor-in-Chief Europe, Montel:When there's a dry year, that could be more of a challenge, couldn't it? If the hydro reservoirs or stocks are low in Sweden and Norway, then that poses maybe more challenges for the finish system.
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Well, that, that is true. But, but still, uh, the, it's not going to be a huge, uh, huge problem here. Mm-hmm. And, uh, and, uh, of course we need also this, uh, other sources of flexibility like demand side. Response. And I think it's, it's developing very well. And actually you don't need it so much, uh, to kind of balance this, this market. So,
Richard Sverrisson, Editor-in-Chief Europe, Montel:so
Jenni Patronen, Senior Principal, Pöyry Management Consulting:I'm very optimistic that we get the flexibility to the system.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Are you equally optimistic that Outlook three could come on, uh, next year? Yuni? I'm not sure if I, if I. Should comment on this. Neither
Anni Mikkonen, CEO, Finnish Wind Power Association:one of us has got a crystal ball. No, of course, of course.
Richard Sverrisson, Editor-in-Chief Europe, Montel:No, it is hard to say, but it's been, you know, con, considering what's happening elsewhere, I think, uh, the EPR in China has just come online, but, uh, in France and, and ulu to the FLA in France and ulu. We are still waiting to see what happens here. But does Finland need. New reactors or can it cope with being interconnected to the Nordic market with increasing amounts of wind and, and maybe the flexibility that demand side and batteries could, could, uh, could add to the system. Does it, does it need these big centralized units? Well,
Jenni Patronen, Senior Principal, Pöyry Management Consulting:it depends on who is the, like, who would need it? Is it Finland as a, as a country? But as I mentioned this, this kind of. Kel model that we have a lot of energy users and energy utilities who seem to kind of quite interested in, in developing new nuclear, nuclear to Finland. And, and with that kind of model we can, we can see it coming, coming online. So it's um, there is kind of this kind of big, uh, national wide plan on, on what is best, best for Finland, but. But if the, the owner see it, it as an interesting investment opportunity, then
Richard Sverrisson, Editor-in-Chief Europe, Montel:why not? And if they're willing to pay, I suppose that's, that's the key element, isn't it? Yeah. So, so Annie, do you think Finland can be CO2 neutral by 2035? Or when was the initial plan? 2029 was it, or
Anni Mikkonen, CEO, Finnish Wind Power Association:No, I have to say that I can't remember now from the governmental program. What was the year? They will phase out coal by 2029, but I can't remember what was the, it's carbon neutral. Was it 20, 34, 35,
Jenni Patronen, Senior Principal, Pöyry Management Consulting:yes. Yes. Okay. But of course then you're taking into counter carbon sinks as well, and that has a big impact on, on that. So.
Anni Mikkonen, CEO, Finnish Wind Power Association:But yeah, I, is that realistic?
Jenni Patronen, Senior Principal, Pöyry Management Consulting:Yeah.
Anni Mikkonen, CEO, Finnish Wind Power Association:I, I would say that we really have to, when you look at the climate change, it just, we just can't neglect it. Mm. So,
Richard Sverrisson, Editor-in-Chief Europe, Montel:so there's pressure coming from Greta Thunberg and lots of, you know, from, from the population at large that is, is forcing us to. To make this green transition, maybe, maybe quicker than, than the politicians have seen or, or taken, taken into account. Yeah.
Anni Mikkonen, CEO, Finnish Wind Power Association:Yes.
Richard Sverrisson, Editor-in-Chief Europe, Montel:Thank you very much, Ani and Yani for, for joining the pod today.
Anni Mikkonen, CEO, Finnish Wind Power Association:Thanks to you for inviting us. Thank you, Richard.
Richard Sverrisson, Editor-in-Chief Europe, Montel:That's all from Helsinki. Please follow us all the latest news on Montel News and also on social media, Twitter and LinkedIn. Thank you. Goodbye.
