Finland

Act 1396/2010 on Production Subsidy for Electricity Produced from Renewable Energy Sources (1396/2010) and accompanying Decree 1397/2010

Legislative

Act

Passed in 2010

This Act aims at promotingthe production of electricity from renewable sources of energy, increasing the competitiveness of such sources of energy, diversifying electricity production and improving Finland's self-sufficiency in the production of electricity. The document contains provisions on production subsidy to be paid from State funds for electricity produced from wind power, biogas and wood-fuelled power. Production subsidy is paid as feed-in tariff. The Government Decree 1397/2010 defines the scope the feed-in tariff scheme for power plants.

On May 23rd, 2018, the Finnish Parliament revised the 2010 Act to make it technology neutral, modify the applicability of the feed-in tariff scheme, and lowering the amount of subsidised energy production from 2 TWh to 1.4 TWh.