Finland - Long way to go to meet European energy target

FINLAND: Finland has set a target to increase its installed wind capacity to 2.5GW by 2020.

Google Translate

This would require a ten-fold increase on current levels, but interest in the industry due to the attractive feed-in tariff (FIT) - set as the difference between the electricity market price and the "target" price of EUR 83.5/MWh - means that this could be exceeded. However, the country currently has just 288MW installed, which puts it a long way behind neighbours Sweden and Norway.

In August, the Finnish government allocated EUR 125 million in its 2013 budget to fund the FIT for renewables, which is a significant increase from the EUR 97 million apportioned the previous year. However, getting projects started remains problematic due to a complicated permitting process.

Last year, a government-commissioned report recommended ways of streamlining the permitting process. Finnish ministries and a working group are developing ways to implement these.

A parliamentary vote is expected this year on whether to rubberstamp a EUR 20 million incentive to support a new offshore wind development. The project that wins an upcoming tender will receive both the FIT and the EUR 20 million.

finland capacity pie

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs