The Finnish government seems to be planning major investments in the renewable energy sector, according to a recent statement made by the country's Prime Minister to national boradcaster YLE. Finland is aiming to cut carbon emissions, and some of the planned activities include the creation of a stimulating environment for renwewable energy development, resulting in hundreds of millions of euros in funding for this energy sector.

The Finnish government is to make a decision soon on whether to proceed with proposed nuclear power capacity development. So far there have been three applicants for nuclear power plant development, although the government has stated there is no need for three projects.

[source: Reuters]