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Finland Geothermal Power Plant Industry Analysis
Geothermal power is a relatively small, but growing, industry in Finland. While the country has a number of geothermal resources, including hot springs and geothermal fields, these resources have not been extensively developed for electricity generation.
One of the main challenges to the development of geothermal power in Finland is the high upfront costs associated with drilling and constructing geothermal power plants. In addition, the geothermal resources in Finland are often located in remote and difficult-to-access areas, which can also increase the costs and technical challenges of development.
Despite these challenges, there are a number of geothermal power projects underway or in the planning stages in Finland. For example, the Finnish company, St1 Deep Heat, is working on a geothermal power project in Helsinki that is expected to generate up to 50 MW of electricity. In addition, the Finnish Energy Authority (FEA) is supporting the development of geothermal projects through a variety of initiatives, including funding and technical assistance.
Overall, the geothermal power industry in Finland has the potential to make a significant contribution to the country's energy mix and help it meet its renewable energy targets. However, in order to fully realize this potential, it will be important for the government and private sector to continue working together to address the challenges and barriers that currently exist.
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