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Home - Finance - Finland will build seven solar power plants with a total capacity of 213 MW – SPE
Finance

Finland will build seven solar power plants with a total capacity of 213 MW – SPE

solarenergyBy solarenergyJune 1, 2024No Comments2 Mins Read
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Solar energy projects across Finland have been given the green light after grant agreements were signed with the European Executive Agency for Climate, Infrastructure and the Environment. A total of €27.5 million ($29.8 million) will be invested in the projects through the EU’s renewable energy financing mechanism.

May 31, 2024 Patrick Jowett

Image: Mariana Proença/Unsplash

The European Executive Agency for Climate, Infrastructure and Environment (CINEA) has signed grant agreements with seven solar projects in Finland with a combined capacity of 212.99 MW.

A total of €27.5 million will be invested in the projects through the EU’s renewable energy financing mechanism, following successful bids in the EU’s first cross-border solar tender held last year.

The projects include two projects in the South Ostrobothnia region of Western Finland: a 74.03 MW plant on an area currently used for peat production and a 33 MW plant in a peat bog. Elsewhere, a 20 MW ground-mounted solar farm in Loukkaanaro will become the largest solar project in Northern Finland, expected to last at least 30 years.

The other funded projects include a 40.16 MW site in Pöytyä, Southwest Finland, a 30 MW park in the municipality of Tohmajärvi, located in the North Karelia region of eastern Finland, an 8 MW factory in the municipality Nivala, Central Finland, and a 7.8 MW Installation in the city of Savonlinna, Eastern Finland.

Several projects have been given separate completion dates in 2025.

According to figures from the International Renewable Energy Agency, Finland had deployed 900 MW of solar energy by the end of 2023, up from 664 MW the year before.

See also  European Investment Bank invests in solar and wind energy in South Africa – SPE

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