The Finnish energy authority has initiated the country's first technology-neutral tender. Developers have until the new year to place bids for projects within renewable energy sources such as wind, biomass, biogas and wave power in the tender round featuring an added premium for up to 1.4 TWh of electricity generation, reports Finlands energy authority Energimyndigheten.
Finland had originally planned to hold two tenders for a total of 2 TWh. However, after the government's decision last year to phase out coal-fired generation up to 2030, authorities decided to only hold one 30 percent smaller tender. This was based on the supposition that less renewable energy will be required for the country to comply with the EU's renewable energy target of reducing CO2 emission in the coming decade by at least 40 percent relative to the level from 1990.
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