The European Climate, Infrastructure and Environment Executive Agency (CINEA) will organise a virtual information event for Finland and Estonia on the ongoing call for tenders on solar power plants located in Finland and on onshore wind power plant projects located in Estonia.

In October 2023, the Ministry of Economic Affairs and Employment appointed a working group to examine ways to improve Finland’s competitive position in offshore wind power production compared with other Baltic Sea countries and to promote other targets on offshore wind power set out in the Government Programme. The proposals included in the report published by the working group on 20 August 2024 form an action plan for the promotion of offshore wind power.

Seven solar park projects in Finland have been granted a total of EUR 27.5 million through the EU’s Renewable Energy Financing Mechanism (RENEWFM). Under the mechanism, solar power will be built in Finland with funding from Luxembourg. The scheme will strengthen and diversify the production of renewable energy in Finland while promoting the achievement of the national targets for renewable energy in Luxembourg.

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.