RRF investment aid applications for energy infrastructure projects are accepted until 15 May
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.
Energy and Climate Strategy in Preparation – Clean Investments are crucial
Clean energy is one of the main themes of Prime Minister Petteri Orpo’s government program in Finland. The energy and climate policy actions for the coming years will be outlined in a comprehensive national strategy. The key objective is to establish a predictable and economically sustainable foundation for the significant investment efforts needed to advance both climate goals and our national economy.
Ministry of Economic Affairs and Employment sets energy aid priorities for 2024
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.
Call for applications open until 29 February for REPowerEU investment aid for clean transition projects
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.
Hydrogen enables clean transition – and requires large investments
Hydrogen is the fuel of the stars and makes our life possible. Humanity, however, is still in its infancy in harnessing fusion nuclear power as an energy source, so the role of hydrogen on Earth is different - at least for the moment. Traditionally, it already works as a raw material for many industrial processes, for example oil refining. A new, climate-based need is to utilize clean hydrogen in industrial processes that replace fossil-based production.
