Picture: Invoice Mead, Unsplash
Malta’s Regulator for Vitality and Water Companies (REWS) has introduced a one-year extension to its FITs for households and companies, in addition to its residential photo voltaic and battery rebate scheme.
The FIT gives households and companies a set charge of €0.015 ($0.016)/kWh for electrical energy generated with grid-connected renewables for durations of 20 years. The rebate scheme gives households monetary assist to put in renewable vitality techniques. The Maltese authorities is allocating €4.8 million to the scheme this yr.
The 2 subsidy packages will reopen for purposes from Feb. 23.
REWS can be accepting proposals from entrepreneurs that need to put money into the event of enormous renewable vitality tasks, corresponding to photo voltaic farms and wind farms.
REWS board member Marjohn Abela mentioned every name will embrace two classes.
“The primary class is for the set up of renewable vitality techniques with capacities from 40 kW as much as lower than 200 kW, whereas the second class is open for bigger techniques, from 200 kW as much as lower than 1 MW,” mentioned Abela.
The primary invitation to bid will open on April 26. The federal government mentioned it can present additional data on the bidding course of in March.
Based on 2022 figures from Malta’s Nationwide Statistics Workplace, residential PV installations accounted for 93.5% of Malta’s whole PV capability, adopted by the business and public sectors, which accounted for five.7% and 0.8%, respectively.
As a part of the EU’s Inexperienced New Deal, Malta goals to provide 100% of its electrical energy from renewable vitality sources by 2050.
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