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Image header Agence Europe
Europe Daily Bulletin No. 13077
Contents Publication in full By article 17 / 32
ECONOMY - FINANCE - BUSINESS / State aid

Green light for €26.3 million in Finnish aid for hydroelectric energy storage facility

On Monday 5 December, the European Commission authorised a €26.3 million Finnish aid measure to support Suomen Energiavarasto Oy (‘SEVO’) in its project to build an underground hydroelectric pump storage facility.

Finland notified of its plans to assist SEVO, a subsidiary of EPV, in converting a non-active mine in Pyhäsalmi into a pumped hydroelectric storage facility.

The facility will participate in the electricity spot markets as well as electricity balancing markets. It will...

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