Finland Renewables Report - Business Monitor International - Industry Reports

Finland Renewables Report

Finland Renewables Report - Business Monitor International - Industry Reports
Finland Renewables Report
Published Aug 13, 2016
38 pages — Published Aug 13, 2016
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Abstract:

The European Commission announced a proposal in July ---- that entails that Finland will be required to cut carbon emissions from sectors not covered by the emissions trading system by -- of ---- levels by ----. These sectors will include traffic, agriculture and housing. Reportedly, Finnish strategy had previously centred on such a target being around ----- - up from a current level of -- . The restructuring of the declining traditional forest-related industries, such as paper production - in order to leverage the country s long running and successful forest management program - will boost the biomass sector over our ---year forecast period. This will coincide with a phase-down in coal-fired power which will create opportunities for coal-to-biomass conversion projects. ...The government support for nuclear power remains strong despite cost and time overruns at the Olkilouto - nuclear reactor. For example, the current Finnish government has reiterated Finland s support to

...While part of the biomass focus will be centred on heating, we expect combined power and heating facilities to be attractive for the country. ...We do note that Finland remains very supportive of nuclear energy as a source of low carbon power, which could curb momentum in the renewables sector, and lower the demand for renewable energy. For instance, development on the -,---MW Olkiluoto - nuclear plant is still underway despite considerable delays, and Fennovoima finalised contracts to build -,---MW Hanhikivi reactor at Pyhajoki on April -- ----. The latter reactor has also harnessed substantial support in the Finnish government. ...The latter reactor has also harnessed substantial support in the Finnish government. As a result, nuclear power will play an increasingly important role in the Finnish power mix over our forecast period through to ---- - weighing on renewables potential and long-term sector growth aspirations.

...� Business Monitor International Ltd Page - on boosting the forest-related sector, and by extension the biomass sector, will mean that both coal-to- biomass conversions and dedicated biomass projects will be deployed. The introduction of quotas for projects eligible for the country s wind feed-in-tariff scheme and the planned closure of this scheme for new projects in ---- will slow growth in Finland s wind sector. ...The introduction of quotas for projects eligible for the country s wind feed-in-tariff scheme and the planned closure of this scheme for new projects in ---- will slow growth in Finland s wind sector. The closure of this scheme will be undertaken in order to reduce subsidy costs, and we expect the suddenness of the policy change to have a negative impact on investor sentiment in the Finnish wind power segment. Considering the low wholesale electricity prices in the Nord Pool, we do not expect wind farms to be developed without government support. ...

  
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Finland Renewables Report" Aug 13, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Finland-Renewables-Report-2026-1833>
  
APA:
Business Monitor International - Industry Reports. (2016). Finland Renewables Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Finland-Renewables-Report-2026-1833>
  
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