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Finland awards €100 million funding to six clean energy projects

  • 1 year, 9 months ago (2022-10-05)
  • David Flin
Europe 1072 Hydrogen 57 Solar 254

Finland’s Ministry of Economic Affairs and Employment (MEAE) has awarded €99.8 million of funding to six clean energy projects under the country’s Recovery and Resilience Plan. The projects include two schemes that will use renewable hydrogen to produce electrofuels, two large-scale solar projects, and two projects to electrify industrial processes.

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Vantaa Energia Oy will receive €30.2 million to invest in a plant producing renewable methane in Vantaa. The 10 MW facility will produce 80 GWh of renewable methane annually from renewable hydrogen and CO2 separated from the combustion gases in a treatment plant for hazardous waste.

St1 Oy has been awarded €35.4 million to invest in a renewable methanol plant in Lappeenranta. The 17 MW plant will produce around 138 GWh of renewable methanol annually from renewable hydrogen and CO2 separated from the combustion gases of a cement factory.

Ilmatar Energy Oy and Exilion Tuulihankkeet Ky have won €19.6 million and €8.9 million respectively for projects to integrate solar power with wind generation and electricity storage. Ilmatar will build a 150 MW solar plant and Exilion Tuulihankkeet a 70 MW solar installation.

MEAE will also give grants of around €3 million each to Fiskars Finland and Makela Alu to help in the electrification of industry. MEAE will make more aid decisions by the end of 2022.