FINLAND
FINLAND
LATEST ARTICLES
Planned wind power could cover well over Finland’s current energy consumption
Finland has the potential to significantly increase both onshore and offshore wind power production, as the capacity of planned wind power projects has increased by around 84 % over the last six months. According to a review by the Finnish Wind [...]
CBSS 20th Ministerial Session 2023 Concludes in Wismar, Germany with Strong Focus on Renewable Energy, Resilience and Youth Participation
The 20th Council of the Baltic Sea States (CBSS) Ministerial Session, held in Wismar, Germany, concluded on 2 June 2023, with key outcomes demonstrating solidarity against Russia's ongoing aggression in Ukraine, commitment to climate neutrality and renewable energy, and an emphasis [...]
EIU: Baltic States Amplify Offshore Wind Investments to Boost Energy Sector
According to a recent report by the Economist Intelligence Unit, the Baltic states of Estonia, Latvia, and Lithuania are making significant strides in energy security, with a particular focus on the development of offshore wind farms. This move comes in the [...]
OX2 sells stake in its Finnish offshore wind development portfolio to Ingka Investments
OX2 has agreed with Ingka Investments to sell a 49 percent stake in its three offshore wind projects in Finland. The three projects will have a potential to reach total installed capacity of about 6,000 MW. The transaction is expected to [...]
Hailuoto approved the zoning initiative for an offshore wind farm
The municipality of Hailuoto has approved the zoning initiative for an offshore wind farm in the Eastern area of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning initiatives for a total of five offshore wind projects to local [...]
Raahe approved the zoning initiatives for two offshore wind farms
Raahe has approved the zoning initiatives for two offshore wind farms submitted by Metsähallitus. The offshore wind farms are planned in the areas of Pyhäjoki-Raahe and the western part of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning [...]
Transmission system operators from the Baltic Sea region strengthen cooperation for more energy sovereignty and climate protection
CEOs and other executives from the Transmission System Operators (TSOs) of the Baltic Sea countries met in Berlin to further intensify cooperation. The meeting was attended by AST (Latvia), Elering (Estonia), Energinet (Denmark), Fingrid (Finland), Litgrid (Lithuania), PSE (Poland), Statnett (Norway) [...]
Finland to tender 6,000 MW of offshore wind power in 2023-2024
Finland will be launching five competitive tendering processes for more than 6,000 MW of offshore wind power on its territorial waters along the western coast of the country. Zoning initiatives for the first five projects have been submitted to the local [...]
Ilmatar Offshore and Ramboll Finland expand cooperation in new offshore wind area
Ilmatar Offshore has been granted a seabed survey permit for the new 1.2 GW offshore wind project area Vågskär in the Finnish Exclusive Economic Zone (EEZ). Ramboll Finland is contracted for the environmental impact assessment, and studies are underway. Ilmatar Offshore [...]
Finnish Ministry of Economic Affairs and Employment granted EUR 30 milion for project in Tahkoluoto
Suomen Hyötytuuli Oy was granted EUR 30 000 000 for an offshore wind power investment in Tahkoluoto, Pori. The investment project would involve two offshore wind turbines located in deeper waters than the offshore wind turbines previously built in Finnish waters. [...]
BalticSeaH2 – Southern Finland’s hydrogen valley development project is progressing as planned
The BalticSeaH2 hydrogen valley project will develop the first significant cross-border hydrogen valley in Europe. The goal is to create an integrated hydrogen economy in the Southern Finland and Estonian region, which enables the reduction of carbon dioxide emissions from various [...]
OX2 and the Bank of Åland plan a Mega Green Port project in Åland
OX2 and the Bank of Åland’s fund management subsidiary Ålandsbanken Fondbolag, which are developing the Noatun North and Noatun South offshore wind power projects near Finland’s Åland archipelago in the Baltic Sea, have initiated a feasibility study for the planning and [...]
Metsähallitus to lease water area to Tahkoluoto Extension offshore wind farm
Metsähallitus and Suomen Hyötytuuli have signed an access right contract by which Metsähallitus leases the public water area off the coast of Pori Tahkoluoto to Suomen Hyötytuuli for wind power production. The agreement is the first long-running access right contract for [...]
Development of RES education – key to exploiting wind potential in the Baltic Sea
Europe wants wind power capacity to increase from the current 190 GW to 510 GW by 2030. This means a large increase in the number of investments to be made in the near future. Consequently, the importance of education and labour [...]
OX2 to develop 1,400 MW offshore wind farm outside the coast of Finland
OX2 has initiated the development of the offshore wind farm Tyrsky in the Gulf of Bothnia in the Finnish economic zone. The project that is estimated to have a total installed capacity of 1,400 MW and will be included in OX2’s [...]
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