Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Green Power
Return to: CTBR Home | Green Power | Wind

Finland proposes to reduce subsidies for wind power projects

CTBR Staff Writer Published 07 September 2015

The Finland government has proposed plans to limit wind power developments as new applications for wind power projects exceeded goverment's expectations.

The proposal seeks to set 1 November 2017 deadline for granting subsidies to wind power plants is aimed at reducing the spending in the state budget on operating aid for wind energy.

Finland government will end its subsidies for onshore wind power plants by 2018, similar to the ending of subsidies by UK in April 2015.

The government proposed changes to its feed-in premium scheme, is expected to offer a saving close to €80m in 2020.

By developing the new aid scheme in accordance with EU guidelines, the government is aimed at increasing the share of emission-free renewable energy to more than 50% in the 2020s.

Ministry of Employment and Economy said: "In the future, the approval of a wind power plant into the total capacity of the feed-in premium scheme (2,500 megavolt amperes) would require a quota decision which is in force for two years, however not beyond 1 November 2017.

"The offshore wind power demonstration plant of Tahkoluoto in Pori would nevertheless be approved into the feed-in premium scheme without a quota decision."