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Replace the energy system with a low-carbon one

Energy aid aims to promote the use of renewable energy and increase energy efficiency. Energy aid can be used for investments that increase the use or production of renewable energy or to promote energy-saving investments.

Business Finland's Energy Aid for 2023 has ended in its basic form. TEM has granted additional authorization to be used in 2023 with the following restrictions: Energy Aid is granted primarily to projects that promote new technology and its commercial utilization and secondly to investments related to energy efficiency. In this case, priority is given to well-prepared projects that can cost-effectively promote the goals of the energy subsidy program and that are not estimated to have significant harmful environmental effects.

Due to the large number of applications being processed, the Energy Aid application service will be closed on November 13, 2023 and will be reopened at the beginning of 2024 at a time to be announced later.


  • Energy aid reporting and cost accounting were renewed on October 4, 2023. The questions and structure have been simplified and the former attachment form "Assessment of the effects of energy aid" will remain in history, because the necessary questions will be answered directly in the online service. The new mandatory attachment related to investment projects is a copy of the binding order/agreement, which must therefore be attached to the report to verify the date of the order.
  • The condition for the payment of the granted energy aid is that the recipient of the aid submits both the final report and the cost statement with attachments within the agreed reporting period for the project!
  • When submitting new applications, you should take a look at the 2023 guidelines for energy aid, as they contain some significant changes compared to the previous ones! In the case of survey projects, the previous attachment forms will remain in use.
  • We have improved the application structure and made it easier to complete, e.g., by omitting the attachment forms for investment projects. For survey projects, the attachment forms will remain in use, and a project plan can be used to further refine and supplement the application's content. The project plan is still mandatory because it complements and specifies the content of the application.
  • No decisions will be made on pending applications until the new energy aid regulation is approved!
  • Due to the rapidly increased number of applications, the processing time for applications is approximately two months.

Energy aid

Energy aid can be granted for investment and investigation audit projects that promote the production and use of renewable energy, energy saving, more efficient production or utilization of energy, or otherwise contribute to a low-carbon energy system in the long term. The aid must have a significant impact on launching the project.

The energy aid is paid based on the actual costs reported by your organization. The investment costs of the project must be at least EUR 10,000 (energy efficiency) or EUR 30,000 (renewable energy), and there is no upper limit on the size of the project. The funding is provided as an aid and does not need to be repaid. Aid is not granted for projects launched before the aid decision is made. At the earliest, the aid can be granted to cover costs arising as of the date of the funding decision.

What is required of your organization?
  • A renewable energy production, energy saving, or energy audit project that has not yet been launched.
  • The size of your organization does not matter.
  • Your organization is a community or company that is not a farm, is not active within the framework of fisheries or aquaculture products, is not a housing company or residential property, and does not receive funding from the state budget.

See instructions for applying for funding

How does Business Finland funding work?

Before you apply

Plan a project and define its goals. Ensure the sufficiency of self-financing.

Apply for funding

Submit your application through online services. Submit the additional information requested.

Approve the funding decision

Business Finland will assess your application and notify you of its decision. Read the decision and its terms and conditions, and approve the decision in online services.

Use the funding

Arrange project accounting. Notify Business Finland of any changes.

Report your project

Report your project's implementation and costs. Attach the additional information requested with your report.