The call for applications on investment aid for energy infrastructure projects under Finland’s Recovery and Resilience Plan (RRP) has been opened. Applications will be accepted until the 15th of May 2024. The aid may be granted to companies and corporations for projects, where eligible costs exceed EUR 5 million. The investment aid available for projects is approximately EUR 35 million.

The Utajärvi solar power project of Oulun Seudun Sähkö is the first Finnish project that has signed a grant agreement under the EU renewable energy financing mechanism with the European Climate, Infrastructure and Environment Executive Agency CINEA.

The Ministry of Economic Affairs and Employment has outlined the priorities for energy aid in 2024. Energy aid promotes the production of renewable energy, renewable hydrogen and fuels refined from it, energy saving or more efficient production or use of energy, utilisation of waste heat or the transition towards a low-carbon energy system in other ways.

The Ministry of Economic Affairs and Employment and the Ministry of Defence have appointed a working group to explore ways to coordinate territorial surveillance and wind power construction. The aim is to improve the conditions for wind power projects to proceed in eastern Finland. The term of the working group is 1 February–30 June 2024.

The REPowerEU call for applications in the Sustainable Growth Programme for Finland (Recovery and Resilience Plan) has been launched. The call will close on 29 February 2024. Businesses and organisations can apply for financial support for energy investments that promote the clean transition. The call for applications includes approximately EUR 54.5 million in investment aid for projects where the eligible costs exceed EUR 5 million.