The Regulator for Energy and Water Services (REWS) has extended renewable energy schemes and feed-in tariffs for another year, Malta Today reports. Applications are open to individuals and companies interested in participating in these initiatives, which aim to promote sustainable energy practices. Under the Feed-in Tariff initiative, households and businesses will benefit from a fixed rate of 15c/kWh for electricity generated from grid-connected renewable sources for a period of 20 years.
To further encourage the uptake of domestic renewable energy systems, the government has allocated €4,800,000 for the coming year. Applicants investing in photovoltaic (PV) and battery storage systems can choose from a range of reimbursement options tailored to their needs:
Different refund options
- Option A: PV system with standard solar inverter, covering 50% of eligible costs up to a maximum of €2,500 per system and €625/kWp.
- Option B: PV system with hybrid inverter, covering 50% of eligible costs up to a maximum of €3,000 per system and €750/kWp.
- Option C: Hybrid/battery inverter and battery, providing 80% of the eligible costs for battery storage up to a maximum of €7,200 per system and €720/kWh, together with 80% of the eligible costs for the hybrid inverter up to a maximum of €1,800 per system and €450/kWp.
- Option D: Battery storage only, covering 80% of eligible costs up to a maximum of €7,200 per system and €720/kWh.
Applicants opting for Option B can also apply for Option D at the same time. In addition, beneficiaries of a Renewable Energy Systems (REWS) grant who install a new PV system (Option A or B) will receive a feed-in tariff of 10c5/kWh for 20 years.
Also four Invitations to Bid for solar farms and wind projects
REWS is launching four Invitations to Bid (ITBs) for entrepreneurs interested in investing in large-scale renewable energy projects, including solar farms and wind turbines. The ITBs will cover systems ranging from 40kW to less than 1,000kW.
Also interesting: EU solar market reaches record heights
Energy Minister Miriam Dalli stressed the importance of grid-connected renewable energy in reducing the carbon footprint of households and businesses. She also revealed the ministry's plans to encourage large-scale investment in offshore floating wind and solar farms, with upcoming calls for investors to develop projects in Malta's exclusive economic zone, Malta Today reported. (hcn)
