Renewable Energy renewable energy

Published on April 28th, 2013 | by Anneli Hidalgo

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Finnish subsidies for renewable energy

New criteria will make it easier for biogas, wind and solar energy projects to apply for the discretionary subsidy.

The Finnish government is changing the application criteria to confirm with EU regulations, reports Invest in Finland. There will also be an increase in the amount of discretionary energy subsidy available for the production of renewable energy. Around 145 million Euros is reserved for discretionary energy subsidies.

Of these, about 100 million Euros will be directed to biorefinery projects producing vehicle fuel and 23 million is going to renewable energy investments. Energy efficiency investments and reviews have been allocated EUR 15 million, and traffic research demonstration projects EUR 7 million.

With the new guidelines, it will be easier to apply for subsidies for wind, biogas and solar energy projects. The subsidy can now be applied for biogas projects involving heat production as well as vehicle fuel. Wind power projects are no longer required to have a new technology component and can apply on a case by case basis if the project cannot be included in the feed-in tariff system.

Solar power projects can now apply for the subsidies for new construction projects. A grant of discretionary subsidies can be given to municipalities, private companies and also other associations for investment and research projects that can be beneficial to the environment and the climate.

According to Invest in Finland, the aim of the subsidy is to promote the production or use of renewable energy, increase energy savings, improve the efficiency of energy production or its use, and reduce the environmental problems it causes. The subsidy particularly aims to promote the adoption of new technology and its introduction to the market.

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