Caruna in brief

Caruna Group includes two network companies: Caruna Oy, which operates mainly in rural areas, and Caruna Espoo Oy, which operates in urban areas.

Investors

Investors

Newsroom

Newsroom

Responsibility

Responsibility

Caruna in brief

Caruna is a Finnish electricity network company. We secure the reliable distribution of electricity to our customers – also as electricity consumption increases and we move from fossil to renewable energy. By investing in the electricity network, we make sure that our customers can use domestic, renewable energy and become small-scale producers of electricity. We bring electricity to 737,000 customers in South, Southwest and West Finland, Joensuu and Koillismaa – equalling 20% of Finnish electricity distribution.

We employ approximately 270 people, and we indirectly employ several hundred people in different parts of Finland in our projects. We are a Finnish company and we pay all our taxes to Finland. The degree of domesticity of our work is 100 percent.

Caruna is owned by the Finnish pension insurance company Elo (7.5%) and international investors KKR (40%), Ontario Teachers' (40%) and AMF (12.5%).

Our operations are regulated by the Energy Authority, which regulates operation of the electricity grid business in Finland.

Caruna area
 Caruna Oy Caruna Espoo Oy 
Length of electricity network (kilometres)80,9008,300
Cabling rate on the low-voltage network (%)5780
Cabling rate on the medium voltage network (%)7392
Network length (metres/customer)16434
Cabling rate (%)6182

 

Key Figures 2023

Key Figures 2023

Figure value

494.3

Figure description

Net sales, M€

Figure value

126.6

Figure description

Investments, M€

Figure value

99.2 %

Figure description

Taxonomy-eligible investments

Caruna electricity network

Caruna electricity network

Figure value

89,000

Figure description

Length of electricity network (km)

Figure value

737,000

Figure description

Customers

Figure value

ca. 20 %

Figure description

Share of electricity distribution in Finland

Figure value

99.98%

Figure description

Security of supply

Our approximately 89,000 kilometer long electricity network is 76 times the length of Finland.

Caruna includes two different distribution companies: Caruna Espoo Oy, operating mainly in urban conditions (Espoo, Kauniainen, Kirkkonummi and the centre of Joensuu), and Caruna Oy, mainly in rural areas (Western Finland, Central Uusimaa, Western Uusimaa, Southwest Finland, Satakunta, Southern, Central and Northern Ostrobothnia, and Koillismaa).

Karttakuva Carunan verkkoalueista

Management Team

Toimitusjohtaja Jyrki Tammivuori

Jyrki Tammivuori

CEO
Sähköverkkojohtaja Kalle Liuhala

Kalle Liuhala

Network Management and Operations
Varatoimitusjohtaja ja talousjohtaja Noora Neilimo-Kontio

Noora Neilimo-Kontio

CFO and deputy CEO
Asiakkuusjohtaja Kosti Rautiainen

Kosti Rautiainen

Customer Value and New Ventures

Board of Directors

Caruna's Board of Directors is responsible for the Group's strategic development and for monitoring and steering the Group's business operations and governance. Our owners are the Ontario Teachers' Pension Plan Board and KKR, as well as the Swedish employment pension insurance company AMF and the Finnish pension insurance company Elo.

Board members

  • Matti Ruotsala, chairman
  • James Adam, board member
  • Marissa Dardi, board member
  • Andrew Furze *, board member
  • Jouni Grönroos, board member
  • Cornelia (Corine) van Heijningen *, board member
  • Fredrik Lundeborg, board member
  • Laura Tarkka, board member

Deputy board members: David Demes, Julia Giese *) and Filip Szopa

*) Member of Caruna Networks Board of Directors.

Two cyclists photographed from above.

Strategy and values

Our mission is to safe-guard high-quality, cost-efficient, and sustainable electricity distribution for our customers under all conditions.

Caruna's Annual Report 2022

Caruna's Year 2023

Annual Report, Governance and Financials

Carunan innovaatiotiimi

Innovations

Read more about Caruna's innovation team and what it does. Do not hesitate to contact us if you have an idea for a new solution for electrifying society!