Based on its assessment of the project in question, the Ministry of Economic Affairs and Employment (MEAE) can grant energy aid to companies, municipalities and other organisations for climate and environment-friendly investments and energy audits that promote:
- the production or use of renewable energy
- energy saving or more efficient energy production or use
- the reduction of environmental damage caused by energy production or consumption.
Energy aid is particularly intended for promoting the introduction and market entry of new energy technology.
The primary aim of the aid is to launch investments by increasing their profitability and reducing the financial risks associated with the introduction of new technology.
Aid decisions are mainly processed by Tekes, the Finnish Funding Agency for Innovation. Projects with investmen cost exceeding EUR 5 million and projects involving new technology are processed by the Energy Department of the MEAE.
pekka.gronlund(at)tem.fi, (projects concerning renewable energy)
pekka.karpanen(at)tem.fi, (projects concerning energy saving and energy efficiency)