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
We take care of electricity distribution and maintain, overhaul and build a weatherproof electricity network for approximately our 720,000 customers in South, Southwest and West Finland, the city of Joensuu, and the regions of Koillismaa and Satakunta.
We monitor the operation of the network around the clock to ensure we can provide our customers with safe and functional electricity distribution, hassle-free customer service, and reasonable prices.
A weatherproof, smart electricity network also creates the basis for an energy system of the future, in which digital services increase, transport is electrified, and consumers become energy producers.
| Caruna Oy | Caruna Espoo Oy | |
| Length of electricity network (kilometres) | 80,000 | 8,100 |
| Cabling rate on the low-voltage network (%) | 55 | 78 |
| Cabling rate on the medium voltage network (%) | 71 | 90 |
| Network length (metres/customer) | 165 | 35 |
| Cabling rate (%) | 60 | 81 |
| Investments in 2021 / resident (EUR) | 154.2 | 216 |
Key figures
Key figures
Figure value
499.8Figure description
Net sales, M€Figure value
46.6Figure description
Profit, M€Figure value
140.1Figure description
Investments, M€Figure value
28,0Figure description
Investments, % from net salesCaruna electricity network
Caruna electricity network
Figure value
88,350Figure description
Length of electricity network (km)Figure value
714.000Figure description
CustomersFigure value
ca. 20 %Figure description
Share of electricity distribution in FinlandFigure value
99.9 %Figure description
Security of supplyOur electricity network spans over 88,000 kilometres, which means you could run the cables from the very north of Finland to the south and back about 38 times.
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
- Andrew Furze, board member
- Jouni Grönroos, board member
- Shankar Krishnamoorthy, board member
- Kerron Lezama, board member
- Fredrik Lundeborg, board member
- Laura Tarkka, board member
- Deputy board members: Julia Giese, Filip Szopa and Charles Thomazi
Strategy and values
We want to promote the electrification of transport, the increase in renewable energy generation, the creation of energy communities and the engagement of customers in the energy market.
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!