Finland's Ministry of Economic Affairs and Employment has granted a total of €44,546,484 in investment aid to 12 projects under the national Recovery and Resilience Plan (RRP).
Moreover, by a decision supported by the Ministerial Finance Committee on 3 October, €28,048,200 was granted to Nordic Ren-Gas Oy for a large demonstration project on new energy technology.
"It is great that clean energy projects are progressing across Finland, and with the help of this funding, we can accelerate the transition to cleaner solutions even faster and more comprehensively. Carbon capture and strengthening value chains are being promoted in several supported projects, both in the production of electrofuels in Lahti and with biogas plant projects," says Minister of the Environment and Climate, Kai Mykkänen.
Overall, €31.1 million in investment aid was granted to seven new energy technology projects and €13.4 million to five energy infrastructure and electrification projects. In accordance with the RRP, the aid for the projects will come from the EU’s Recovery and Resilience Facility (RRF).
The supported investments in new energy technology concern the production of biogas and solar electricity.
Investments in energy infrastructure and the industrial electrification and decarbonisation are related to the utilisation of waste heat, energy storage and electrification of industrial processes.
The supported large demonstration project concerns the production of electrofuel.
"With these projects, the clean energy transition and nutrient cycling in agriculture are taking significant steps forward. It is excellent that, after years of hiatus, we are now able to support major biogas projects. As these projects move forward, it is important that solutions are also created for refining nutrient residues for agricultural use across a sufficiently wide area, so that we simultaneously address the runoff issues caused by nutrient concentrations," Mykkänen said.
The granting of aid is based on overall consideration and comparison of projects, with special attention paid to the feasibility of projects, as the investments must be completed by 30 June 2026.
The projects are estimated to reduce carbon dioxide emissions by more than 170,000 tonnes per year. The employment impact of the projects during construction is estimated to be 416 person-years, and the projects would create an estimated 23 new jobs.
Finland provides €72.6 investment aid to 13 clean energy projects
