Photovoltaic projects across Finland have been given the green light after grant agreements were signed with the European Executive Agency for Climate, Infrastructure and Environment. A total of €27.5 million ($29.8 million) will be invested in projects under the EU’s renewable energy financing mechanism.

Photo: Mariana Proença/Unsplash

The European Climate, Infrastructure and Environment Executive Agency (CINEA) has signed grant agreements with seven solar projects across Finland with a total capacity of 212.99 MW.

Following successful bids in the EU’s first cross-border solar tender last year, a total of €27.5 million has been invested in projects through the EU Renewable Energy Financing Facility.

The projects include two located in the South Ostrobothnia region in western Finland – a 74.03 MW power plant on land currently used for peat production and a 33 MW power plant located on a peat bog. Elsewhere, a 20 MW ground-mounted solar park in Loukkaanaro will become the largest solar project in northern Finland, expected to take at least thirty years to complete.

Other funded projects include a 40.16 MW facility in Pöytyä in southwestern Finland, a 30 MW park in the municipality of Tohmajärvi, located in the North Karelia region of eastern Finland, an 8 MW power plant in the municipality of Nivala in central Finland, and the Power Plant with a capacity of 7.8 MW in the city of Savonlinna in eastern Finland.

Several projects have been given separate completion dates in 2025.

According to data from the International Renewable Energy Agency, Finland has launched solar power plants with a capacity of 900 MW by the end of 2023, up from 664 MW a year earlier.

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