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Finland grants first offshore research permit

Earlier this month, the Finnish government granted research permits for three offshore wind projects in Finland’s exclusive economic zone.

Wpd Finland Oy has been granted a permit for a research area west of Jakobstad. OX2 Finland Oy has obtained permits for two projects in the research area west of Hailuoto and Jakobstad.

Both companies’ permits off the coast of Jakobstad relate to the same area. The survey will be conducted this year and next year.

“The government will decide who will implement the offshore wind farm in the study area in connection with the permit to build an exclusive economic zone after the environmental impact assessment (EIA) is completed. The project also requires a permit. According to the water law. “

Legislative risk to investors

The government has pointed out that the current form of the law could increase the risk of potential investors wanting to build offshore wind farms in Finland’s exclusive economic zone.

“The Exclusive Economic Zone is an international sea area to which the Finnish Exclusive Economic Zone Act applies. So far, the process of permitting economic exploitation of the Exclusive Economic Zone has been primarily related to infrastructure projects and the law. Does not properly consider the special characteristics of the offshore. Most importantly, the law does not provide a solution in situations where multiple operators are interested in the same body of water. ” ..

“The pre-construction research required for offshore wind can cost millions of euros, which poses a considerable risk to project developers. Currently, the risks are increasing by law and multiple Operators can be granted research permits. The area. Also, if the area is suitable for offshore wind and the project is economically feasible, the law will prioritize construction to the operator conducting the investigation. I haven’t let you. “

The government said the Ministry of Economic Affairs and Employment, along with other ministries, would appreciate the need to develop procedures and legislation on the use of the Exclusive Economic Zone in terms of offshore wind.

“Currently, offshore wind is not profitable in the Finnish waters, but technological advances and cost savings can change the situation in the coming years. Project development period for offshore wind projects. Is usually as long as 5 to 10 years. Project development involves functional and predictable regulatory and management procedures that ensure sufficient investment certainty to prepare for increased profitability of offshore wind power. It’s important to create it early, “said the Finnish government.

https://www.oedigital.com/news/493884-finland-grants-first-research-permits-for-offshore-wind-projects-in-its-eez Finland grants first offshore research permit

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