The Malta Independent 19 April 2024, Friday
View E-Paper

Renewable Energy Scheme and Feed in Tariffs extended for another year

Thursday, 22 February 2024, 19:15 Last update: about 3 months ago

The Regulator for Energy and Water Services (REWS) together with the Ministry for the Environment, Energy and the Regeneration of the Grand Harbour has relaunched a set of schemes and investment initiatives to encourage more families and businesses to invest in renewable energy systems.

The Feed in Tariff (FiT) initiative for households and businesses, and the Renewable Energy Systems (RES) for households will be extended for another year, with applications being accepted as from Friday 23rd February 2024. REWS is also launching four new calls for investments in larger renewable energy systems, from 40kW up to 1,000kW. Another call for large-scale renewable energy systems exceeding 1,000kW will be announced soon, it said.

ADVERTISEMENT

Minister for the Environment, Energy and the Regeneration of the Grand Harbour Miriam Dalli welcomed the relaunching of these green energy initiatives. "Grid-connected renewables are one of the most effective solutions for households and businesses to reduce their carbon footprint and contribute to our shared climate objectives. Through these incentives, the Government is once again empowering our communities to embrace the ecological transition," Miriam Dalli said.

The Minister added that in parallel with these actions promoting land-based renewables, the Ministry has also launched new initiatives to encourage largescale investments in offshore floating wind and solar farms. It will soon be issuing a call for investors to develop offshore floating wind farms in Malta's exclusive economic zone.

"The Feed in Tariff initiative offers households and businesses a fixed rate of 15c/kWh for electricity generated through grid-connected renewables for 20 years. The Government is this year allocating €4,800,000 for the renewable energy systems for households. Through this scheme, applicants who invest in photovoltaic ta systems and battery storage systems in their homes may benefit from the following refund options: Option A - PV system with standard solar inverter: 50% of eligible costs up to a maximum of €2,500 per system and €625/kWp; Option B - PV system with hybrid inverter: 50% of eligible costs up to a maximum of €3,000 per system and €750/kWp; Option C - Hybrid/Battery inverter and battery: 80% of eligible costs of the Battery Storage up to a maximum of €7,200 per system and €720/kWh plus 80% of eligible costs of the Hybrid inverter up to a maximum of €1,800 per system and €450/kWp; Option D - Battery Storage only: 80% of eligible costs of the Battery Storage up to a maximum of €7,200 per system and €720/kWh," a REWS statement read.

"When applying for Option B, a prospective applicant may also apply for Option D. Beneficiaries of a RES grant installing a new PV(Option A or B) will also benefit from a FIT of 10c5/kWh for 20 years."

 Ing. Marjohn Abela also said that REWS is also launching four invitations to bid (ITB) for entrepreneurs to invest in the development of large renewable energy projects such as solar farms and wind turbines. "Each call will include two categories. The first category is for the installation of renewable energy systems with capacities from 40kW up to less than 200kW, while the second category is open for larger systems, from 200kW up to less than 1,000kW," Ing. Abela said.

The documentation referring to the ITBs and other related information will be available on the REWS website as from 1st March 2024 at https://www.rews.org.mt/#/en/tenders/224. Prospective applicants may also contact REWS on email ([email protected]) or telephone 2295 5000, or call the Servizz.gov helpline 153.


  • don't miss