Wind Feed-In Tariff (Finally) In Finland
Governments are becoming more actively involved and the state backed interventions to meet EU 20-20-20 target are definitively needed. EU targets are technically available, but the current technology is still highly priced. Finland finally proposed two weeks ago a feed-in tariff for wind power of EUR 83.5/MWh. The guaranteed price for wind power is to be introduced in early 2010 for a period of 12 years. Governments target is to increase the production of wind power to 6 TWh, i.e. by almost 30 times by the year 2020 (current production level approximately 0.2 TWh). Implementing the wind feed-in tariffs in early 1980-1990’s countries like Denmark, Germany and Spain boosted a growth of the global wind power players like Vestas, Enercon and Gamesa. Finland has somehow a missed a train as financing the wind farms is becoming more to preserve of project finance and VC’s are now focusing more on advancements on power and turbine technologies.
