In Finland, the regulation concerning the support schemes for renewable energy are going through significant changes. A new legislative proposal presents a technology-neutral subsidy scheme based on a competitive bidding process with premiums. The topic was discussed by market players and industry at Energy Regulation Workshop (March 21st, Vaasa City hall).
In 2010 Finland introduced feed-in tariff as economic support mechanism for wind, biogas and wood fuel based combined heat and power. The mechanism has been effective in creating wind power capacity from below 1% market share to about 5.7%. However, the scheme has been also expensive as the electricity market price has been lower than expected. The feed-in tariff for wind, biogas and wood fuel power plants comprises the target price less than the three-month mean market price of electricity. The target price is €83.50/MWh. At the beginning of the scheme the market price varied €45 to €55/MWh but at the end of the support period it has been €30 to €35MWh.
In Vaasa Energy Week preparation of the support scheme based on a competitive bidding process with premiums was discussed. Total of 2 TWh of renewable energy would be generated through the scheme. However, details of the scheme, definitions concerning technological neutrality and schedule of the scheme remained open. Several presentations, representing the industry and market players, forecasted significant increase of the wind power capacity in Finland – despite the details of the new support scheme. For instance one major market player, OX2 informed about their own objectives for Finland being 500-600 MW of wind power, which is about the same as the 2TWh objective. This major market growth would be based on:
- large number of projects prepared during the feed-in tariff system
- interest among investors
- fast technological development (bigger turbines, rotors, towers)
- competitive procurement processes, and
- large base of experienced and internationally active project developer
In addition, PPA’s i.e. Power Purchase Agreements, were seen as growing business model with customer being larger-scale companies with RE commitments. Also the length of those agreements can be over 10 year periods. The forecasted future was that 5-10 market players would dominate the market, and scale of the wind power systems could be divided into large-scale market based systems and smaller systems more dependent on the economic supports. As Finland is much dependent on the imported energy (share 23.9%) the growth potential is evident. At the same time the grid imbalances and volatility are increasing.
The support scheme preparation was considered still as uncertain and delays investment decisions. In addition, market players considered that the system might not be equal but favoring more large-scale projects. As the technological neutrality is still undefined, it remains open how the support treats different technologies and introduction of new innovations. The policy advocacy activities are part of the GREBE project, and in Finland the focus will be on informing the project stakeholders about the current transition of the national and regional energy system and related policies.
The introduction of the new EU General Data Protection Regulation (GDPR) on 25th May 2018 will mean a host of changes for all businesses that handle the data of EU residents, regardless of size or sector.
To whom does GDPR apply?
- If you hold any personal information on an individual in a business capacity – for example if you have an employee or a customer then the new law will apply to you.
- Sole traders, Charities, Community Groups – all impacted.
- If you run a club or a sporting organisation and have a list of members or volunteers then the law will also apply to you.
- What is the GDPR and how is it different?
- Your obligations
- 6 Guiding Principles
- Individuals’ rights under the law
- Sanctions and fines for non-compliance and data breaches
- Getting GDPR ready
- The documents, policies and procedures that must be in place.
- The key information security measures you should implement
FREE GDPR workshop for businesses – 23rd March 6pm – 8pm – The Lemon Tree Coffee Shop, BELLEEK, BT93 3FY, Northern Ireland.
To book your free place, email: firstname.lastname@example.org or call +44 2866480012
The event will take place this Thursday at 3pm in the Bailey Allen Hall, NUIG.
You can register for free at www.galwayenergysummit.ie
We cannot wait to see you there!!!
GREBE’s Funding Options tool provides information on the funding mechanisms currently available in the partner regions (Finland, Iceland, Ireland, Northern Ireland, Norway and Scotland). The information will be useful to both funding agencies (e.g. business support agencies and municipalities) and to SMEs giving details of funding options available in their regions. The tool will help to ensure that funders in the different regions can learn about mechanisms and implementation strategies in use in other parts of the NPA area.
The main focus is on public support for renewable businesses but both private sector and social investment options have been included where appropriate. The supports included are for SMEs and Micro businesses but also include options for those SMEs expected to grow rapidly (e.g. High Potential Start Ups). The business support funding mechanisms considered vary from standard ‘hard’ business support options (e.g. loans and venture capital) to softer supports (e.g. innovation schemes, business partner search supports etc.). Options are available to search for mechanisms which are specific to the renewable energy sector, and also based on the geographical area (local, region, national, EU etc.) the support covers. There is considerable variation in the ways different funding options are implemented and these differences will impact on the success of schemes.
Renewable businesses in each region will be able to check what supports are available in their own region and contact points for applications. GREBE’s Business Supports Catalogue is also available to download on the tool. We hope that by using this tool those who seek funding and support for renewable businesses will have a clear portfolio of options which are available to them. This tool is available on our renewablebusiness.eu platform at http://support.renewablebusiness.eu/
The GREBE Project is launching the Entrepreneur Enabler Scheme in Ireland. GREBE will work with small to medium renewable energy businesses throughout the Western Region to provide support to facilitate their growth through specialised mentoring.
The Entrepreneur Enabler Scheme will commission mentors with the appropriate expertise to be assigned to work with businesses to address identified area(s) where help is needed, in order to deliver a bespoke support package.
Applications are welcomed from all small to medium renewable energy businesses, based in the Western Region (Donegal, Leitrim, Sligo, Mayo, Roscommon, Galway & Clare). Participating businesses will be matched with an appropriate mentor to meet their business needs, based on areas of specialism and scoring.
An Expression of Interest application form may be downloaded from the GREBE website here or requested by email from email@example.com
Completed applications must be returned to GREBE Project, Western Development Commission, Dillon House, Ballaghaderreen, Co. Roscommon, or alternatively via email: firstname.lastname@example.org not later than 12.00 Noon on Friday 17th November 2017.
This project is funded by the Northern Periphery & Arctic Programme. For further information on the GREBE Project, please visit our website www.grebeproject.eu
The GREBE Project will attend the NPA Annual Conference 2017 which takes place in Galway on 21st September. The theme of this years conference is ‘Blue Growth’.
The programme for the conference not only focuses on the Arctic, but also aims to contribute to the Atlantic Strategy. The conference will address such topics as entrepreneurship and innovation related to fisheries and aquaculture, environmental protection and maritime and coastal tourism.
Galway located on the Atlantic coast is a fitting location. The venue is the Marine Institute, which plays a national coordinating role in the Atlantic Strategy.
The Western Development Commission, Action Renewables, Fermanagh & Omagh District Council and the Environmental Research Institute will attend and meet with other projects funded under the NPA programme.
Information on the NPA Programme and conference is available here