What is Finland's energy subsidy scheme?
The aim of the subsidy scheme is to promote energy investment and energy infrastructure projects that are in line with the Sustainable Growth Programme for Finland and that reduce greenhouse gas emissions in Finland and support the country’s carbon neutrality target.
Where can I find information about energy investment subsidies in Finland?
Website of Business Finland: First application round for energy investment subsidies On 4 October , the Ministry of Economic Affairs and Employment made the first energy investment aid decisions under Finland’s Recovery and Resilience Plan to promote clean energy solutions. Aid was granted to six projects totalling EUR 99.8 million.
Is the energy system still working in Finland?
However, the energy system is still producing electricity to the national grid and DH to the Lempäälä area, while the BESSs participate in Fingrid's market for balancing the grid . Like the energy storage market, legislation related to energy storage is still developing in Finland.
What is the future of energy storage in Finland?
Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages. Mainly battery storage and thermal energy storages have been deployed so far. The share of renewable energy sources is growing rapidly in Finland.
How much renewable power does Finland have?
In the past, it has been estimated that the Finnish power system can cope with a share of 20 %–37 % of renewable wind and solar power without requiring larger additional investments in the grid and balancing capacity from DR and ESSs.
Is energy storage the future of wind power generation in Finland?
Wind power generation is estimated to grow substantially in the future in Finland. Energy storage may provide the flexibility needed in the energy transition. Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages.
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