Private investors seeking to invest in renewable energy will soon be able to submit their bidding offers for projects with a total energy generation of 31MW.
The investment to be generated is of €50 million over 20 years, corresponding to the lifetime of the Feed-In Tariff.
This was announced by Minister for Energy, Enterprise and Sustainable Development Miriam Dalli in the presence of the Regulator for Energy and Water Services, the Energy and Water Agency and ARMS Ltd.
In the largest package to date being issued for renewable energy generation capacities, investors are being invited to submit their proposals for all forms of renewable energy capacities, ranging between 40KWP up to 1MWP with a total generation of 31MW. It will be split across 10 calls, allowing both medium and large investors the opportunity to submit their offers.
“We are being ambitious as this is the biggest allocation we have given so far. The new scheme has been designed following a series of consultations with stakeholders, re-designing it in a way that attracts those investors who are serious about investment in renewable energy,” Minister Miriam Dalli said. “The schemes were also re-aligned to meet EU regulations.”
A 12-month period has been allocated, allowing investors to submit their offers. Details of the scheme will be published in the Government Gazette next week, together with the Invitation to Bid. This will allow prospective investors to be aware of the pre-established dates for the submission of bids for each scheduled call.
In the first batch of five calls, bidders will be invited to submit proposals for renewable energy generation capacities from 40kW up to 200kW. These will be split in five bundles, with the first call allocating 2MW, and the rest an allocation of 1MW each.
In the second batch of five calls, bidders will be invited to submit proposal for renewable energy generation capacities from 200KW to 1MW. Five calls will be issued, with an allocation of 5MW respectively.
To provide further clarification on any technical queries that may arise, REWS will also be organising a meeting for potential bidders on 9th June.
During the launch of the scheme, Minister Dalli also explained how today’s scheme alone targeted four Sustainable Development Goals:
1. SDG 7 Affordable and Clean Energy – through the use of renewable energy technology;
2. SDG 9 Industry, Innovation and Infrastructure – which is directly related to the advancement in the innovation of optimised technologies;
3. SDG 12 Responsible Consumption – ensuring the efficient and sustainable use of natural resources;
4. SDG 13 Climate Action – taking action by supporting clean methods of production through the shift to cleaner energy.
Present for the launch were representatives of the Chamber of Commerce, the Chamber of SMEs and the Malta Developers’ Association.