This year is becoming a strong year of green transition in Finland.
According to the data window maintained by the Confederation of Finnish Industries, nearly EUR 8.5 billion investments will be completed this year.
These are projects whose construction work is completed or advanced and are expected to be commercially available this year.
“There is quite a major growth of growth in the Finnish economy,” says EK’s leading expert Janne Peljo.
The largest completed items are data centers. The size of these investments is EUR 2.5 billion.
Land wind power should be built this year with almost EUR 1.5 billion.
Bio -products are also being invested in more than a billion euros.
According to Peljo, a lot of heating projects, such as heat pumps, energy storage and electric boilers, are being completed this year.
“These are investments that were set up when Russia attacked Ukraine and the energy market was confused.”
The projects have been on the drawing table for a couple of years and now they are starting to graduate.
Peljo is confident that more significant investment decisions will be heard this year.
The circumstances are beginning to be favorable for investments, as interest rates, the business cycle will pick up and the tax and investment potential will soon be fully in use.
For the permission of relief
Decisions on investments at the end of this decade are made at these times. EK believes that Finland should put everything in the game to start growth.
“All that is in our own hands is worth doing”, a leading expert Minna Ojanperä says.
According to him, Finland has made a good progress in the licensing reform, and there are excellent entries in the government program.
The main licensing matters are to be concentrated from the beginning of next year on a new national authorization and supervision agency.
The work will be better coordinated and more customer -oriented in the future.
“At the moment, my grief is that some big projects may have at worst 50-100 authorities,” says Ojanperä.
According to him, the starting point of the EK is that even if the procedures are expected to be streamlined, the legislation is not complied with and the protection level of the environment is not given up.
Industry will be renewed
EK’s Green Growth Director Ulla Heinonen It is delighted that there are many projects in the investment pipe that are renewing Finnish industry.
“They are used to get low carbon forward, and it helps to ensure that we will continue to have a competitive industry.”
The projects also help Finland reach their climate targets.
Heinonen says that although investment decisions have been made on projects of about EUR 30 billion, work is still to be done. Finland must take care of its attraction.
“The fact is that many other countries want these investments. Many of these projects are still there at the point where the correct investment will take place. ”
Finland must ensure the predictability of the operating environment, the availability of experts, the level of competence, the research and product development investments and the condition of the infrastructure.
“The tax incentive for promoting clean investments should be introduced as soon as possible,” Heinonen sees.
Facts
Green investments
According to the EK data window, investments worth almost EUR 8.5 billion will be completed this year.
Graduating investment projects include, for example, data centers, ground wind power, bioproducts and battery technologies.
The data window information suggests that the wave of investment is becoming more intense. In number of pieces, half of the project is designed to be completed between 2025 and 2027.