Latest announcement on finland s photovoltaic energy storage policy

Does Finland pay for solar power?

Finland is one of the few countries where solar power, in many cases, does not receive any subsidies , although companies and communities may apply for energy aid for smaller-scale (<5 MW) solar PV projects, which covers 15 % of the investment costs .

Is energy storage the future of wind power generation in Finland?

Wind power generation is estimated to grow substantially in the future in Finland. Energy storage may provide the flexibility needed in the energy transition. Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages.

What is the future of energy storage in Finland?

Reserve markets are currently driving the demand for energy storage systems. Legislative changes have improved prospects for some energy storages. Mainly battery storage and thermal energy storages have been deployed so far. The share of renewable energy sources is growing rapidly in Finland.

What is Finland doing with solar technology?

Finland has made impressive strides in solar technology. For example, Solnet Group has invested heavily in research and development, leading to energy storage possibilities and grid optimization. These advancements are critical for optimizing grid operation and stabilizing energy consumption.

Why is solar not being used in Finland?

When Solnet Group started implementing PV projects, in 2014, solar was not deployed much in Finland and was not as well-known as it is today. There was also not the demand present. Finland's energy consumption is on the rise, driven by a growing economy and the electrification of sectors such as transportation and manufacturing.

Can solar power improve grid stability in Finland?

Solar power can enhance grid stability in Finland by providing a decentralized energy source and this can be especially beneficial during extreme weather conditions or unforeseen disruptions. Developers vs. landowners