Wind Energy Possibilities?Think Finland!

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)

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)

€/M

Wh

Paid tariff

Source: Ministry of Employment and the Economy

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

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

Why2

Why3

Opportunities for:

Forecast: total installed wind power capacity (MW)

Min.

Prob.

Max.

Source: Finnish Wind Power Association

2020 target 2500 MW = 6,0 TWh

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

For more information:

Invest in Finland/Cleantech

Finnish Wind Power Association

Wind energy statistics in Finland (VTT)

18/04/20238

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