Finland plan 140 MW biomass power plant as reliance on coal recedes

A 140 MW biomass power plant is to be built in Finland with $23.6m funding from the Nordic Investment Bank.

The plant in Vaasa will be built by utility Vaskiluodon Voima – jointly owned by jointly owned by EPV Energy and Pohjolan Voima – and is part of Finland’s drive to wean itself off its reliance on coal fired power generation.

The biomass facility will be connected to an existing plant and will substitute coal with peat and forest residues and biomaterials such as reed.

Last month, US analysis firm Pike Research estimated that worldwide biomass power generation capacity will reach 86 GW this year from 2011’s 58 GW, marking a total investment of $104bn.

For more biomass power news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...