Finland grants $48.4M grants to 12 energy projects

In Finland, the Ministry of Economic Affairs and Employment has granted a total of EUR 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, EUR 28,048,200 was granted to Nordic Ren-Gas Oy for a large demonstration project on new energy technology.

Overall, EUR 31.1 million in investment aid was granted to seven new energy technology projects and EUR 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.