Following the successful conclusion of the first tender of the EU renewable energy financing mechanism (RENEWFM) on 27 September 2023, 8 solar PV projects with a total capacity of 282. 77 MW were awarded funding to build their photovoltaic infrastructure in Finland.
Is solar power a real thing in Finland?
Many Finns are already familiar with solar power: solar panels can be found on the roofs of many homes, summer cottages and workplaces. As technology develops, industrial-scale solar power production is also becoming more common in Finland. Finland is undergoing a major energy transition.
What is Finland's solar power production capacity?
At the end of 2023, Finland's installed solar power production capacity was approximately 1,000 MW, most of which was micro-generation. The total capacity increased by more than 300 MW over the year.
Can solar power improve the profitability of buildings in Finland?
LUT University has investigated how the profitability of solar electricity could be improved in different types of buildings in Finland. Researchers have debunked myths related to the orientation and dimensioning of solar photovoltaic systems and sales of surplus electricity.
Why is industrial-scale solar power production becoming more common in Finland?
As technology develops, industrial-scale solar power production is also becoming more common in Finland. Finland is undergoing a major energy transition. Moving away from imported fossil fuels and towards local, clean energy production will create the basis for new industrial investment.
How much solar power does Finland have in 2023?
The total capacity increased by more than 300 MW over the year. According to the preliminary data of the Energy Authority, at the end of 2023, Finland had approximately 1,000 MW of installed solar power production capacity, 936 MW of which was micro-generation and 50 MW from industrial-scale power plants.
How much solar power will Finland have by 2030?
In addition, Finland's transmission system operator Fingrid has received wind and solar power connection enquiries amounting to a total capacity of over 100 megawatts. Fingrid assesses that by 2030, the overall solar power plant capacity in Finland may climb to seven gigawatts.