November 16 (Renewables Now) - The Finnish Energy Agency on Thursday launched a mixed-technology renewable energy tender, seeking proposals for 1.4 TWh of wind, solar, biomass, biogas and wave power.
This is the first renewable energy tender issued by the country. It will replace its feed-in-tariff (FiT) support scheme. The deadline for taking part in the competitive selection is December 31.
Successful projects, most of which are expected to come from the wind sector, have to be completed by 2020. Winners will receive government support for up to 12 years.
Under European Union (EU) regulations, renewables in Finland have to account for 38% of the country's gross final energy consumption in 2020. According to official data, that goal has been reached as early as 2014, when the share of renewables was 38.7%.