{"id":67796,"date":"2025-05-02T07:25:09","date_gmt":"2025-05-02T07:25:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/67796\/"},"modified":"2025-05-02T07:25:09","modified_gmt":"2025-05-02T07:25:09","slug":"european-commission-backs-nine-renewables-projects-in-finland-estonia","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/67796\/","title":{"rendered":"European Commission Backs Nine Renewables Projects in Finland, Estonia"},"content":{"rendered":"<p>The European Commission has allocated EUR 52 million ($58.7 million) through the EU Renewable Energy Financing Mechanism (RENEWFM) for nine projects in Finland and Estonia. The funding aims to strengthen the EU\u2019s renewable energy capacity and foster cross-border cooperation among member states.<\/p>\n<p>The European Commission said in a media release that the awarded projects will add a total of 445.65 megawatts (MW) of capacity expected to be commissioned between 2027 and 2028.<\/p>\n<p>The funding will support seven solar photovoltaic (PV) projects across Finland. These include the Laivakangas Solar Park, which received EUR 4.2 million (4.7 million); the Lamminneva Solar Park, which received EUR 3.5 million ($3.9 million); and the Isoneva Solar Park, which received EUR 5.6 million ($6.3 million). The three projects will repurpose existing gravel and peat extraction sites into solar power plants.<\/p>\n<p>A waste deposit area will also be repurposed into the L\u00e5lby Solar Power Park, with the European Commission awarding EUR 5.9 million ($6.6 million) to the project.<\/p>\n<p>The Kouvola Lakiasuo PV Plant received EUR 7.7 million ($8.7 million) to build an industrial-scale solar power plant in Kouvola (Southeastern interior of Finland), repurposing the 150-hectare Lakiasuo and Heposaari peat production areas.<\/p>\n<p>The JoSoleilTwo project received EUR 5.7 million ($6.4 million) to build a ground-mounted solar PV project in Joroinen, North Savo, while the Pori Peittoo Solar PV plant received EUR 1.1 million ($1.2 million) to build a solar PV plant on a material handling area.<\/p>\n<p>In Estonia, the P\u00fcssi Project and the Maima Wind Park, both onshore wind projects, received EUR 9.8 million ($11 million) and EUR 8.2 million ($9.2 million) respectively.<\/p>\n<p>The European Commission established the RENEWFM in 2020, aiming to support renewable energy projects across the EU by connecting contributing and hosting countries.<\/p>\n<p>For the funding for Estonia and Finland, the European Commission said that Luxembourg acted as the contributing country.<\/p>\n<p>To contact the author, email andreson.n.paul@gmail.com<\/p>\n<p>                                <br class=\"clear\"\/><\/p>\n<p>&#13;<br \/>\n                                    Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. 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