2. Join the Finnish wind power markets!
Motivation: Attractive feed-in tariff
Potential: Wind project pipeline of 8900MW, of
which less than 10% at post EIA (Environmental
Impact Assessment) stage
Competition: Several international & domestic
companies have already entered the market to
develop parks and supply wind turbines
Demand: Wind power services such as
construction and O&M. Investors & financiers
When: 2013 (current installed capacity expected
to be doubled in 2013)
3. Attractive feed-in tariff for wind energy
Market based guaranteed price
a steady income for the wind power
producer
Producer is paid a tariff, which is
the difference between the target
price and the spot market price
(last 3 months average)
Incentive to produce power during
hours when power is more expensive
than in average
0
20
40
60
80
100
1 51 101 151 201 251 301 351
pvä (2008)
€/MWh
Paid tariff
Source: Ministry of Employment and the Economy
4. 38% of energy from renewable sources by 2020
Finland committed to increase the use of renewable energy
from 28,5% to 38% by 2020 (total national energy consumption)
Source: Ministry of Employment and the Economy
5. 1000 new wind turbines by 2020
Attractive feed-in tariff of 83.5 €/MWh
Project portfolio of 7800 MW
Larger international renewable energy
producers. Construction, operation &
maintenance and other service companies.
Finland is untapped, but fast-growing
new market for wind power
Why
1
Why
2
Why
3
Opportunities
for:
6. Forecast: total installed wind power capacity (MW)
Min.
Prob.
Max.
Source: Finnish Wind Power Association
2020 target 2500 MW = 6,0 TWh
7. Business opportunities for operations and
maintenance service providers
Major turbine manufacturers are present
on the market
Built capacity increases from 300 MW
to 460 MW (2013)
Local know-how in service & maintenance
but room for more
Growing market opportunity for 3rd party
services 2014 onwards
Photo courtesy of Finnish Wind Power Association
8. For more information:
Invest in Finland/Cleantech
Finnish Wind Power Association
Wind energy statistics in Finland (VTT)
17/07/20138
9. Why Finland?
Entry to the East
Creative solutions
Stable Society Competent professionals
10. Invest in Finland services for
international companies
Data collection & analysis
Opportunity analysis
Guidance on entry alternatives
Networking
Location management
Setting up a business
www.investinfinland.fi
Editor's Notes
feed-in tariff of 83.5 €/MWh, valid for 12 yearsProjects implemented before 2015 will receive a guaranteed fee of 105.3 €/MWh for a maximum of 3 yearsTariffs are applicable for units bigger than 500 kVA
Means increase of renewable energy up to 38 TWhA majorshare of growth – 6 TWh – is windpower
Finland is an underserved but fast-growing new market for wind power Goodwindconditionsthroughout the yearExistinginstalledcapacity of 200 MWProductiontarget for 2025 set at 9 TWh (National Climate and Energy Strategy 2013)Many international companies plan to supply technology and develop projects
Near the top of almost all international comparisons of economic, social, environmental, educational, business and technological performance Heart of a northern European market of around 80 million consumers, long-established connections with Russia and the Nordic and Baltic countriesAn open, transparent, stable and business-friendly economy with strong links between business sectors and universities A highly skilled and efficient workforce – with lower labour costs than in the other Nordic countriesHigh-quality transport and communications networksProfessional Finns speak excellent Finnish and usually at least one other foreign language as well.Finland ranked 2nd in global innovation hotspotsOne of the highest R&D spending per capitaFinland ranked #1 in IPR protection (IPRI 2012)