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.
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 Oy | Caruna Espoo Oy | |
Length of electricity network (kilometres) | 80,900 | 8,300 |
Cabling rate on the low-voltage network (%) | 57 | 80 |
Cabling rate on the medium voltage network (%) | 73 | 92 |
Network length (metres/customer) | 164 | 34 |
Cabling rate (%) | 61 | 82 |
Key Figures 2023
Key Figures 2023
Figure value
494.3Figure description
Net sales, M€Figure value
126.6Figure description
Investments, M€Figure value
99.2 %Figure description
Taxonomy-eligible investmentsCaruna electricity network
Caruna electricity network
Figure value
89,000Figure description
Length of electricity network (km)Figure value
737,000Figure description
CustomersFigure value
ca. 20 %Figure description
Share of electricity distribution in FinlandFigure value
99.98%Figure description
Security of supplyOur 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).
Management Team
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.
Strategy and values
Our mission is to safe-guard high-quality, cost-efficient, and sustainable electricity distribution for our customers under all conditions.
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!