Finland Renewables Report Q2 2016
BMI View: We maintain our relatively muted forecast for Finland's non-hydropower renewables segmentthis quarter, as mooted cuts to wind power in order to curb subsidy costs will lower the long-termattractiveness of the sector, while the expansion in the biomass-fired power generation has yet to pick upsufficient steam to boost renewables growth rates.
Latest Updates And Structural Trends
The restructuring of the declining forestry and paper production industries - with the new Prime MinisterJuha Sipilä pledging to create 100,000 new jobs in the forest related industry in order to leverage thecountry's long running and successful forest management program - will boost the biomass sector overour 10-year forecast period.
Government plans to curb subsidy costs by cutting the subsidies available for the wind power sector willslow growth in the segment and increase regulatory uncertainty for wind project developers. The deadlinefor new projects applying to the feed-in-tariff scheme is planned to be November 1 2017 - with theFinnish government aiming to save between EUR70-80mn by 2020 as a result of fewer projects beingable to access the subsidy mechanism.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook