Three solar farms have generated 3,176 MW of clean energy, providing enough energy for over 750 families in the last 12 months. These have reduced CO2 emissions by 1,273,576 kg.

MaltaEnergy, a Maltese renewable energy company set up between the Maltese Government through the Water Services Corporation and the Malta Chamber of SMEs, is celebrating the first anniversary of the completion of its innovative renewable energy projects.

The projects in Qrendi, Ta Cenc 123, and Ta Cenc 4 Water Services Corporation reservoirs have a total capacity of 2MW and have exceeded expectations by generating more power than required by tender.

In a press release, MaltaEnergy said that collaboration on specific challenges such as that of energy yields outstanding results.

Under the format of the tender, as conceived by MaltaEnergy, government did not need to invest its funds in the solar farms, while five Maltese solar energy companies invested a total of €2.5 million.

MaltaEnergy said that its scope is to facilitate the use of government-owned lands and open spaces by the private sector to generate clean, renewable energy.

The company, which was set up only a few years ago, has been entrusted by the Water Services Corporation with the roofs of five reservoirs, split into three projects. The company believes it can be a key contributor to Malta reaching or exceeding its renewable energy targets.

“With land being one of the scarcest resources in Malta, energy prices sky-rocketing across Europe, and fuel supply threatened, our vision is to enable as many investments like this as possible,” CEO of MaltaEnergy Noel Gauci said.

Gauci said that MaltaEnergy’s long-term vision is to divert all funds currently being paid abroad for the purchasing of fossil fuels and electricity, into the local economy via renewable energy projects.