The Malta Independent 13 June 2024, Thursday
View E-Paper

Turkish company investing €7.5m to produce parts for wind farms

Monday, 20 May 2024, 14:21 Last update: about 24 days ago

A Turkish company will be investing €7.5 million in a factory that will produce the manufacturing turbine parts that are used in wind farms that generate clean energy, Prime Minister Robert Abela said on Monday.

Through the investment in Hal Far, GIMAS will be creating 44 new job opportunities as well as an academy to train specialized workers. 

Abela said the products manufactured in Malta will go to turbines that generate clean energy.

“When I think of sustainable development, I don’t only think about the environment but also of economic opportunities and jobs. I’ve said many times before that climate change, like every other challenge, can be the best economic opportunity for our generation,” Abela said.

He said that is why this new investment in Malta is happening in an important time that will allow us to continue diversifying our economy in sectors of innovation, technology and clean energy. He added that this is the essence of the National Policy on Offshore Renewable Energy.

Abela said that the economy is experiencing unprecedented growth, with the “highest rate of growth and the lowest rate of unemployment in Europe”. He said that the country is in a crucial economic phase which is seeing the necessary transformation to reach environmental goals.  

“Through this, we are attracting investment that focuses on companies that leave greater value in the Maltese economy,” Abela said. He concluded in saying that the people will look back to see this day as the dawn of a new era for the manufacturing sector of Malta; the era of green economy in the country.

  • don't miss