Malta’s Regulator for Energy and Water Suppliers (REWS) has launched a one-year extension to its FITs for households and corporations, along with its residential photograph voltaic and battery rebate scheme.

The FIT presents households and corporations with a set value of €0.015 ($0.016)/kWh for electrical power generated with grid-connected renewables for intervals of 20 years. The rebate scheme presents households with financial assist to place in renewable vitality strategies. The Maltese authorities are allocating €4.8 million to the scheme this 12 months. 

The two subsidy functions will reopen for capabilities from Feb. 23.

REWS also can settle for proposals from entrepreneurs who want to put cash into the occasion of giant renewable vitality initiatives, just like photograph voltaic farms and wind farms.

REWS board member Marjohn Abela talked about each title will embrace two lessons.

“The first class is for the arrange of renewable vitality strategies with capacities from 40 kW as a lot as decrease than 200 kW, whereas the second class is open for greater strategies, from 200 kW as a lot as decrease than 1 MW,” talked about Abela.

The first invitation to bid will open on April 26. The federal authorities talked about it may current extra information on the bidding course of in March.

In step with 2022 figures from Malta’s Nationwide Statistics Office, residential PV installations accounted for 93.5% of Malta’s complete PV functionality, adopted by the enterprise and public sectors, which accounted for 5.7% and 0.8%, respectively.

As part of the EU’s Inexperienced New Deal, Malta objectives to offer 100% of its electrical power from renewable vitality sources by 2050.