Factsheet: Energy Aid

Energy Aid

Key Information
Full name of Instrument & Measure (English): 
Regulation on General Conditions for the Allocation of Subsidies for Energy Use
Full name of Instrument & Measure (native language): 
Valtioneuvoston asetus 1063/2012 energiatuen myöntämisen yleisistä ehdoista
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).
Goal/Aim: 
Support for investments in energy efficiency and use of renewable energy.

Sector/Topic targeted:

Responsible Authority: 
Mainly Local Centres for Economic Development, Transport and the Environment; Ministry of Employment and the Economy (> 5 M€)

Status:

Year Instrument & Measure Started: 
2012
Year Last Instrument & Measure was last Amended: 
2012