Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 20 May 2025, Fingrid and Svenska kraftnät signed a Letter of Intent agreeing to launch the planning of the third submarine cable connection between Finland and Sweden, Fenno-Skan 3, with an estimated capacity of 800 MW. Under this agreement the TSOs initiated the formal planning process for the new HVDC interconnector, which is intended to replace Fenno-Skan 1 in the late 2030s and raise total cross-border capacity between the countries to about 1,600 MW.