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Damage to EstLink 2 cable raises energy prices in Baltic countries
During the Christmas holidays, the EstLink 2 cable linking Finland and Estonia was damaged, restricting the ability to import cheaper energy from the Nordic countries to the Baltic region. As a result, electricity prices in the Baltic countries, including Lithuania, recorded [...]
Renewables Finland: onshore wind power is being built without government subsidies
Up to 70 percent of Finland’s more than 8,200 MW wind power capacity has been built on a market-based model without government subsidies. Considering the relatively young age of the sector, the newest projects have long been constructed without any subsidy [...]
Lithuania Confirms Stable Power System Despite “EstLink 2” Cable Disruption
Lithuania's Ministry of Energy has assured the public that the disruption of the "EstLink 2" power cable between Estonia and Finland has no impact on the stability of the Lithuanian electricity system. Electricity supply to consumers is fully secured, and there [...]
Act on Offshore Wind Power in the Exclusive Economic Zone enters into force – First tenders could be organised at the end of 2025
On 19 December 2024, the President of the Republic approved the Act on Offshore Wind Power in the Exclusive Economic Zone. The Act will help promote offshore wind power in Finnish exclusive economic zone, clarify the regulation of offshore wind power [...]
PFI Yearbook 2025: Opportunities and Challenges for Baltic Offshore Wind
The decarbonisation agenda is a pressing priority for governments worldwide, and the Baltic Sea region is emerging as a critical area for renewable energy development, particularly offshore wind. In April 2024, eight countries bordering the Baltic Sea – Lithuania, Denmark, Estonia, [...]
The significant role of Finnish municipalities in advancing renewable energy and nationwide vitality
In next spring’s municipal elections, decisions will be made not only about Finnish renewable energy projects but also about the future of Finland’s economic growth. Municipalities play a direct role in many key aspects of renewable energy projects. Renewables Finland believes [...]
Finland’s first commercial-scale offshore wind farm underway
The work is already in full swing in Korsnäs off the west coast of Finland where one of the most significant industrial projects in the country is in progress. To achieve carbon neutrality by 2035 and to enhance Finland's energy self-sufficiency, [...]
Fingrid’s final report refines the preliminary connection possibilities for offshore wind power
Seven potential connection points for offshore wind power have been identified in mainland Finland for the 2030s. These enable the connection of up to 9 gigawatts of offshore wind power capacity to the main grid. The identified connection points are located [...]
What Will Finland Look Like in 2040 in the Sectoral Low-Carbon Roadmaps?
Below we present an editorial published by the Finnish Ministry of Economic Affairs and Employment. The author - Katja Tuokko is a Senior Specialist in the Energy Department of the Ministry of Economic Affairs and Employment. She has been involved in [...]
Korsnäs Offshore Wind Project – Pioneering Finland’s Green Energy Future
Finland is on the brink of a major transformation in renewable energy with the development of its first industrial-scale offshore wind farm in Korsnäs, a small coastal community near Vaasa. This ambitious project, led by Vattenfall in collaboration with Metsähallitus, highlights [...]
Finnish Government Launched Coordination Group to Advance Offshore Wind Development
Finland's Ministry of Economic Affairs and Employment has established a coordination group to accelerate offshore wind power development. The group will work on creating a comprehensive "situation picture" of the sector, coordinating the timeline, and selecting sites for offshore wind projects [...]
Estonian and Finnish cooperation on the protection of underwater energy transmission connections
The Estonian Ministry of Climate and Finland’s Ministry of Economic Affairs and Employment signed a Memorandum of Understanding (MoU) concerning the protection and repair of underwater energy infrastructure. The Underwater Energy Infrastructure MoU was signed by Minister of Climate and the [...]
OX2 to manage a 211 MW wind farm in Finland
OX2 has signed an asset management agreement for Piiparinmäki wind farm with Nuveen Infrastructure. Under the agreement, OX2 will be responsible for the technical, commercial and financial management of the Piiparinmäki wind farm, to ensure optimal asset performance on the behalf [...]
Partnership Formed to Boost Finnish Offshore Wind Market
Etha, Sitowise, and Pondera have formed a strategic alliance to enhance the development of offshore wind projects in Finland. This partnership aims to deliver a wide range of services across the entire project lifecycle, offering expert solutions to bring Finnish offshore [...]
Finnish government submited legislative proposal on offshore wind power in the exclusive economic zone
In its plenary session on October 3rd, the Finnish government decided to submit a government proposal to Parliament for legislation on offshore wind power in the exclusive economic zone. According to Renewables Finland assessment swift progress would enable the rapid initiation of [...]
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