Investment aid for key energy projects
Under the Programme of Prime Minister Juha Sipilä’s Government, the use of renewable energy will be increased in a sustainable way so that its share will rise to more than 50 per cent and the self-sufficiency to more than 55 per cent during the 2020s. The Government Programme also has se goals that the share of renewable transport fuels will be raised to 40 per cent by 2030, that Finland will stop using coal in energy production and halve the use of imported oil for domestic needs during the 2020s.
The Government has decided to allocate a total of EUR 100 million for renewable energy and new technology investments for 2016 - 2018. The decisions on the appropriation of EUR 20 million included in the 2016 state budget were made at the start of year 2016 with the applicants’ consent on the basis of the aid applications initiated under the Government Decree on General Terms of Granting Energy Support (1063/2012). The aid granted on the basis of the appropriation that will be included in the 2017 and 2018 state budgets (totalling EUR 80 million) will be in accordance with the Government Decree on General Terms of Granting Investment Aid for Renewable Energy and New Energy Technology (145/2016).