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 740,000 customers in South, Southwest and West Finland, Joensuu and Koillismaa – equalling 20% of Finnish electricity distribution.
We employ approximately 230 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.
Carunas municipalities
Caruna is the primary electricity distributor in 57 municipalities. Our network area extends from Hanko in the southernmost part of Finland all the way to Koillismaa.
Management Team and Board of Directors
The management team's role is to prepare the group's business plan and decide on investments together with the CEO. 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
| Caruna Oy | Caruna Espoo Oy | |
| Length of electricity network (kilometres) | 80,900 | 8,400 |
| Cabling rate on the low-voltage network (%) | 59 | 83 |
| Cabling rate on the medium voltage network (%) | 75 | 95 |
| Network length (metres/customer) | 164 | 34 |
| Cabling rate (%) | 65 | 86 |
Key Figures 2024
Key Figures 2024
Figure value
511.5 M€Figure description
Net salesFigure value
73.6 M€Figure description
InvestmentsFigure value
100%Figure description
Compliance of investments with the taxonomyCaruna electricity network
Caruna electricity network
Figure value
89,300 kmFigure description
Length of electricity networkFigure value
740,000Figure description
CustomersFigure value
ca. 20%Figure description
Share of electricity distribution in FinlandFigure value
99.99%Figure description
Security of supplyOur approximately 89,300 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).
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 Year 2024
How was Caruna's year 2024? In this section, you will find Caruna's annual report and financial statements.
Latest innovations and services
We explore new solutions and operating models to meet the future needs of the electricity network.