Energy aid may be granted to projects that promote new technology, its commercial utilization, and the regulation capacity of the power system, as well as energy savings through energy efficiency.
Priority is given to well-prepared projects involving new technology that cost-effectively contribute to the goals of the energy aid program and are not estimated to have significant adverse environmental impacts.
New technology refers to new types of commercial solutions that have not been extensively tested in Finland. Typically, this is the first or among the first demonstration plants of its kind. The adoption of new technology entails extra costs or risks compared to a corresponding project implemented using conventional technology.
Energy aid applications submitted in 2023 still pending are subject to the 2024 guidelines.
Energy aid may be granted for the investment and investigation audit projects of companies and organizations that promote energy savings or more efficient production or utilization of energy or otherwise contribute to a low-carbon energy system. In renewable energy projects, the aid may be only granted for new technology. The aid must have a significant impact on launching the project.
The energy aid is paid based on the actual costs reported by the organization. The investment costs of the project must be at least EUR 10,000 (energy efficiency) or EUR 30,000 (renewable energy, new technology) but they must not exceed EUR 5,000,000. The funding is provided as aid; you do not have to repay it. Aid is not granted for projects launched before the aid decision is made. The aid may be granted to cover costs arising as of the date of the funding decision at the earliest.
Plan a project and define its goals. Ensure the sufficiency of self-financing.
Submit your application through online services. Submit the additional information requested.
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.
Arrange project accounting. Notify Business Finland of any changes.
Report your project's implementation and costs. Attach the additional information requested with your report.