The European Fee has allotted EUR 52 million ($58.7 million) via the EU Renewable Power Financing Mechanism (RENEWFM) for 9 tasks in Finland and Estonia. The funding goals to strengthen the EU’s renewable vitality capability and foster cross-border cooperation amongst member states.
The European Fee stated in a media launch that the awarded tasks will add a complete of 445.65 megawatts (MW) of capability anticipated to be commissioned between 2027 and 2028.
The funding will help seven photo voltaic photovoltaic (PV) tasks throughout Finland. These embrace the Laivakangas Photo voltaic Park, which acquired EUR 4.2 million (4.7 million); the Lamminneva Photo voltaic Park, which acquired EUR 3.5 million ($3.9 million); and the Isoneva Photo voltaic Park, which acquired EUR 5.6 million ($6.3 million). The three tasks will repurpose current gravel and peat extraction websites into solar energy vegetation.
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A waste deposit space may even be repurposed into the Lålby Photo voltaic Energy Park, with the European Fee awarding EUR 5.9 million ($6.6 million) to the challenge.
The Kouvola Lakiasuo PV Plant acquired EUR 7.7 million ($8.7 million) to construct an industrial-scale solar energy plant in Kouvola (Southeastern inside of Finland), repurposing the 150-hectare Lakiasuo and Heposaari peat manufacturing areas.
The JoSoleilTwo challenge acquired EUR 5.7 million ($6.4 million) to construct a ground-mounted photo voltaic PV challenge in Joroinen, North Savo, whereas the Pori Peittoo Photo voltaic PV plant acquired EUR 1.1 million ($1.2 million) to construct a photo voltaic PV plant on a cloth dealing with space.
In Estonia, the Püssi Undertaking and the Maima Wind Park, each onshore wind tasks, acquired EUR 9.8 million ($11 million) and EUR 8.2 million ($9.2 million) respectively.
The European Fee established the RENEWFM in 2020, aiming to help renewable vitality tasks throughout the EU by connecting contributing and internet hosting nations.
For the funding for Estonia and Finland, the European Fee stated that Luxembourg acted because the contributing nation.
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