Finland Times

 

The Ministry of Employment and the Economy sent the proposal for a decree on investment aid for renewable energy and new energy technology for comments, said a press release. 

 

In its programme, the Government outlined that the use of renewable energy will be increased so that its share will rise to over 50 per cent in the 2020s and self-sufficiency to over 55 per cent.

 

One of the aims was also to increase the share of renewable transport fuels to 40 per cent by 2030.

 

In addition, the programme aims to give up coal in energy production and cut the use of imported oil for domestic needs by half during the 2020s, said the release issued on Tuesday.

 

The implementation of the target will be supported by investing in the key projects.

 

The financing allocated to the key project 'Towards carbon-free, clean and renewable energy cost-efficiently' will be used to projects in the field of renewable energy and new energy technology in 2016-2018. 

 

According to the proposal, investment aid could be granted to such investments in companies', municipalities' or other communities' fixed assets, in which acceptable costs exceed 5 million and which are related to production of advanced transport bio-fuels or experimental projects in energy technology.