LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Finland to get less wind power as govt overhauls subsidies 

Credit:  Reuters | Sep 4, 2015 | www.reuters.com ~~

Finland’s government proposed setting a November 2017 deadline for granting subsidies to wind power plants as applications exceeded a previously set capacity limit.

The decision, if approved by the parliament, would mean the end of the existing feed-in tariff system in Finland, and follows a decision by Britain to scrap all new subsidies for onshore wind from next April.

“The present system can no longer be considered a sufficiently cost-effective and market-oriented incentive system,” Finland’s Ministry of Employment and Economy said in a statement.

The measure could save 70-80 million euros in 2020, it added.

The centre-right government has proposed the deadline to apply for subsidies as it has already received more applications than the system can accept under the 2,000 MW cap set earlier.

Plants with total 800 MW capacity have been already granted subsidies, while another 720 are likely to receive them and there are applications pending for another 1,100 MW.

“The aim of the proposal is, in accordance with the Government programme, to reduce spending in the state budget on production subsidies for wind energy,” the ministry said.

The ministry estimates that not all wind power producers will be able to meet the November 2017 deadline, resulting in lower wind power output than previously estimated.

Officials said they now expected output from wind power plants to reach less than 5 terawatt-hours (TWh) in annual production by 2020, down from an original estimate.

“The goal set by the EU for renewable energy in Finland for the year 2020 is not in jeopardy, even though the increase in wind energy achieved through the feed-in tariff system is falling below the originally planned 6 terawatt hours (TWh),” the ministry said.

The loss in wind power output will be compensated by an increase in production from biomass, and Finland is already close to its renewable energy target of 38 percent, the officials said.

According to the European wind power association EWEA, Finland had 627 MW of wind power installed by the end of 2014, the lowest of the four Nordic countries.

The ministry said it will start working on a new renewable support scheme, which will have to be technology neutral.

New estimates from the International Energy Agency showed onshore wind to remain the cheapest renewable source, at par with, or even below, gas-to-power generation by 2020.

(Reporting by Nerijus Adomaitis; Editing by Keith Weir)

Source:  Reuters | Sep 4, 2015 | www.reuters.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon