Abbreviated form of legal source(s)
- Decree 1098/2017
- Decree 688/2001
Description of support scheme
The energy aid subsidy scheme described in the sections about RES-E and RES-H&Cs support mechanisms is also applicable for improving energy efficiency to some extent. The aid is aimed at supporting emerging energy technologies also for energy efficiency (art 5, 1098/2017).
The legally required energy efficiency improvement measures are not eligible for energy aid – the improvement needs to exceed the minimum requirements and involve the deployment of innovative, emerging technologies (art 5, 1098/2017).
Energy aid is available at least until the end of 2022.
Amount
The investment aid is granted against a fixed assets investment with eligible costs exceeding € 5,000,000. Investment aid can be up to 40% of the total project costs Arts 5 and 10, Decree 1098/2017).
Addressees
Aid recipients can be companies, municipalities and other entities, excluding housing companies, residential properties and farms (Art 7 Decree 1098/2017).
Procedure
All applications are submitted electronically to Business Finland regardless of the size of the project, and they are accepted on a rolling basis around the year. Energy aid can only be granted for projects that have not been initiated yet, and only for expenses taking place after the date of the positive energy aid decision. Processing an application will take approximately 2 months.
The competent authorities will assess the projects based on the amount applied for, the energy impact of the project, cost-efficiency, feasibility, novelty, duplicability, and other effects (Arts 6 and 9 Decree 1098/2017).
Competent authority
Ministry of Economic Affairs and Employment; Business Finland