Factsheet: Energy Aid

Energy Aid

Key Information
Description: 
The Ministry of Employment and the Economy can grant energy support to companies, communities and other organisations, for climate and environment investments and surveys that promote: 1) the production or use of renewable energy, 2)energy conservation or efficient energy production or use 3) the reduction of environmental hazards arising from energy production or consumption. This energy support is particularly intended for promoting the introduction and market launch of new energy technology. As general legislation on the granting of energy support, the Act on Discretionary Government Transfers (688/2001) applies. Support decisions are mainly processed by local Centres for Economic Development, Transport and the Environment. Those projects whose costs exceed EUR 5 million, and those including new technology, are processed by the energy department of the Ministry of Employment and the Economy. The primary aim of such support is to enhance the profitability of early-stage investment and minimise the risks associated with the introduction of new technology. Maximum support for investments 30% and maximum support assessment studies 40% (2003/361/EU legislation). A new proposal for RES energy technology investment support (1063/2012, 688/2001), when costs are more than €5 million. Support is targeted for advanced transport fuels which fulfill RED sustainability requirements and raw material is not plants used for food production. It also covers biomass, biogas from waste treatment plants and landfills. Support is also targeted for new innovations with high costs and risks. Applicant needs to cover at least 25% of costs by non-public funds. Support is targeted industry, municipalities and other communities. Application should include calculation of energy economy effects, description of new technology and third party assessment of technology readiness (new innovation value), environmental effects, employment effects and other effects of the investment. Eligible costs are 1) planning costs, 2) building costs 3) equipment purchase and installation costs 4) land purchase and land preparation costs (< 10% of total budget).
Goal/Aim: 
Support for investments in energy efficiency and use of renewable energy.

Sector/Topic targeted:

Status: