Country:Finland
Year:1999
Policy status:Superseded
Date Effective:1999
Policy Type:Research, Development and Deployment (RD&D)>Research programme >Technology deployment and diffusion, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Research, Development and Deployment (RD&D)>Demonstration project, Research, Development and Deployment (RD&D)>Research programme >Technology development
Policy Target:Multiple RE Sources
Policy Sector:Multi-sectoral Policy
Agency:Ministry of Employment and the Economy
URL:http://www.tem.fi/?l=en
Funding:FIM 200 m (? 33 m)/year plus FIM 100-200 m every 3 years
Description:

In 1998, investment aid to RE technologies was FIM 110 million. The 1999 Action Plan for RE sources planned for FIM 200 million (EURO 33 m) per year of government investment aid. The total need for investment in the sector is estimated at over FIM 17.6 billion by 2010. The Ministry of Trade and Industry provides grants for up to 30% of the investment costs for renewable energy technologies (up to 40% for wind). A new financial instrument is planned by the Action Plan to be added to the existing energy investment aid. A FIM 100-200 million demonstration grant would be awarded every 3 years for a project using innovative technologies. This would allow to adapt new large-scale technologies to Finnish conditions, and to commercialise them. Public funding of RE plants is also made available through regional and local incentives.

This record is superseded by:Energy Aid Scheme

Last modified: Fri, 11 Sep 2015 13:11:29 CEST