May 2, 2025
The EU is investing €52 million in renewable energy projects in Finland and Estonia.
The European Commission has revealed the allocation of €52 million in funding through the EU Renewable Energy Financing Mechanism (RENEWFM) for nine renewable energy projects in Finland and Estonia.
These projects will collectively add a capacity of 445.65 MW and are anticipated to be operational between 2027 and 2028.
The chosen initiatives include seven solar projects in Finland, which will receive a total of €33.7 million in funding.
These projects are located in Tornio, Southern Ostrobothnia, Northern Savonia, and southeastern Finland.
Approximately €18 million will be allocated to support a hybrid solar-wind project and a standalone wind project in Estonia.
Established by the commission in 2020, the RENEWFM aims to enhance support for renewable energy projects and promote greater adoption of renewables throughout the EU.
These projects will collectively add a capacity of 445.65 MW and are anticipated to be operational between 2027 and 2028.
The chosen initiatives include seven solar projects in Finland, which will receive a total of €33.7 million in funding.
These projects are located in Tornio, Southern Ostrobothnia, Northern Savonia, and southeastern Finland.
Approximately €18 million will be allocated to support a hybrid solar-wind project and a standalone wind project in Estonia.
Established by the commission in 2020, the RENEWFM aims to enhance support for renewable energy projects and promote greater adoption of renewables throughout the EU.