The French renewable energy giant strengthens its presence in Finland

The French renewable energy giant strengthens its presence in Finland

French company Neoen, one of the world’s leading independent renewable energy producers, and Finsilva, one of Europe’s largest private forest owners, signed a cooperation agreement on Monday (July 4) to study the large-scale use of solar energy in Finland.

The latest figures published by Statistics Finland show that in 2021, solar energy accounted for 0.4% of Finland’s electricity supply. The amount of solar radiation in the southern regions of the country is equal to that of central Europe.

However, seasonal variations pose a problem. According Finnish Energy (ET), about 90% of the energy from solar radiation in southern Finland is stored between March and September.

However, Neoen and Finsilva have decided to study the possibilities of increasing the energy production in the country thanks to solar energy, more specifically on an area of ​​1,900 hectares in the south of the country.

In a joint press release, Neoen project manager Arto Hirvonen said that “This agreement between Neoen and Finsilva enables the implementation of a one-size-fits-all project in Finland. We believe that solar energy will play an important role in Finland in the years to come. Solar energy reduces carbon dioxide emissions and increases our energy self-sufficiency”.

Neoen has been operating in Finland since 2018 with a central storage facility (Power Reserve), a wind farm and another under construction. In terms of installed power, Finland has already been among the top three countries where the French group is present.

The agreement between the two companies comes almost as a response to the rating given to Finland by the rating agency Standard & Poor’s (S&P) on July 1. The latter confirmed Finland’s AA+ rating, but said it should diversify its energy supplies and imports.

[Edité par Davide Basso]

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