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Released September 07, 2017 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Finland will draft a law next year to phase out the use of coal in its energy mix by 2030.
The government said that new nuclear power and renewables will be used to fill the gap, although it expects that coal-fired power may be called on in an emergency to secure the electricity supply. Coal currently supplies about 10% of the country's power. Riku Huttunen, director general in Finland's energy department, told Reuters: "This strategy has a goal of getting rid of coal as an energy source by 2030 ... We have to write a law ... and that will be next year." The government also will be proposing to increase carbon taxes.
Finland's decision follows moves being made by other European Union nations. The U.K. government has committed to shutting all coal-fired power plants within a decade. For additional information, see November 23, 2015, article - U.K. Calls Time on Coal-Fired Power.
Nuclear power currently supplies roughly 30% of the country's power. There are two new reactors--Olkiluoto 3 and Hanhikivi 1--due to be commissioned in 2018 and 2024, respectively. They will be capable of bumping up nuclear's share to 60%, if both projects finish on time. In June, Industrial Info reported that key operational tests had started at the much-delayed Olkiluoto 3 project, home of the world's first European Pressurised Reactor (EPR). With a generating capacity of 1,600 megawatts (MW), it is Finland's largest nuclear power project. For additional information, see June 21, 2017, article - First EPR Nuclear Project Starts Cold Functional Tests.
The proposed Hanhikivi 1 project at Pyhäjoki in western Finland is being developed by Fennovoima Oy (Helsinki, Finland) and will have a generating capacity 1,200 MW. For additional information, see August 18, 2015, article - Finnish Nuclear Plant Clears Final Hurdle.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
The government said that new nuclear power and renewables will be used to fill the gap, although it expects that coal-fired power may be called on in an emergency to secure the electricity supply. Coal currently supplies about 10% of the country's power. Riku Huttunen, director general in Finland's energy department, told Reuters: "This strategy has a goal of getting rid of coal as an energy source by 2030 ... We have to write a law ... and that will be next year." The government also will be proposing to increase carbon taxes.
Finland's decision follows moves being made by other European Union nations. The U.K. government has committed to shutting all coal-fired power plants within a decade. For additional information, see November 23, 2015, article - U.K. Calls Time on Coal-Fired Power.
Nuclear power currently supplies roughly 30% of the country's power. There are two new reactors--Olkiluoto 3 and Hanhikivi 1--due to be commissioned in 2018 and 2024, respectively. They will be capable of bumping up nuclear's share to 60%, if both projects finish on time. In June, Industrial Info reported that key operational tests had started at the much-delayed Olkiluoto 3 project, home of the world's first European Pressurised Reactor (EPR). With a generating capacity of 1,600 megawatts (MW), it is Finland's largest nuclear power project. For additional information, see June 21, 2017, article - First EPR Nuclear Project Starts Cold Functional Tests.
The proposed Hanhikivi 1 project at Pyhäjoki in western Finland is being developed by Fennovoima Oy (Helsinki, Finland) and will have a generating capacity 1,200 MW. For additional information, see August 18, 2015, article - Finnish Nuclear Plant Clears Final Hurdle.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
