Wind Energy Market in Finland
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Transcript of Wind Energy Market in 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
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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