Calls for extending Nordic cooperation in the energy sector consider increased cooperation to be a tool to further support the creation of a smart Nordic energy system and realize the sustainable energy transition. To enhance our understanding of the state of Nordic energy cooperation, this article focuses on renewable electricity policy development in Finland and Sweden against the backdrop of facilitating and accelerating the Nordic energy transition. Building on previous research, the respective policy landscapes in Finland and Sweden will be scrutinized with insights from expert interviews, allowing the highlighting of the role of the actors in shaping the national and international energy transition policy. Ultimately, the article will explore the possibilities to enhance Nordic cooperation and question a possible future institutionalization of Nordic energy cooperation from the perspectives of Finland and Sweden. The aims of the article are twofold. First, to analyze the current policy mixes in Finland and Sweden with a special focus on bottlenecks and development needs and, second, to explore the viewpoints of the stakeholders from these two countries regarding potential and bottlenecks for developing Nordic energy cooperation.