Minister for Energy, Enterprise and Sustainable Development Miriam Dalli announced that the government pledges to spend around €76 million over 20 years with the aim of sustaining mass-scale renewable energy projects. A new 16MW generation allocation for energy installations exceeding 1MWp in capacity was allocated on Tuesday, translating into an expenditure of €26 million over 20 years.
Dalli stated that the shift towards a sustainable economy needs to be sustained by providing greener energy, ensuring the involvement of the private sector and increasing the mix in our energy contribution.
Allocations in the past have involved a €50 million financial commitment as they involved projects with capacities of 40KW and greater. Malta has its 2030 EU target for renewable energy generation at 11.5%. The European Commission is, however, aiming to increase the renewables share across the block to 40% by the same year.
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Photo Source: Power Solutions, Miriam Dalli FB