(Good News from Finland) The Finnish cleantech industry continued to grow in 2013, and the Ministry of Employment and Economy aims to increase the turnover of the industry to 50 billion euros by 2020, and to create 40 000 new jobs. Cleantech refers to technology, services, solutions, process innovations or products that help reduce the environmental load.
The Finnish cleantech companies have expertise in energy, material and water efficiency, bioenergy, biofuels, renewable energy, combined heat and power production and smart technologies.
— The Finnish government has made great investments in supporting the growth of cleantech, which has proven to be a central source of growth and compatibility, says Kaisu Annala, Director of the cleantech strategy program at the Finnish Ministry of Employment and the Economy.
In 2013, the Finnish cleantech sector had a combined turnover of 25.8 billion euros last year, and was growing annually by 5 per cent. The most significant export markets were Sweden, Germany, Russia, UK and China.
The Cleantech Business in Finland 2014 survey found that 88 per cent of Finnish cleantech companies plan to expand into new international markets over the next five years. Two thirds of the companies also had plans for further investments.
Article originally published in Good News from Finland.