Authors: Nicole Sciberras Debono & Bastien Debiève
On 21st May, 2021 the Ministry for Energy, Enterprise, and Sustainable Development announced the largest local funding package to date for large scale projects involving renewable energy generation by private investors. This funding will be allocated through 10 calls for proposals, which will be launched next week.
Private investors seeking to invest in renewable energy will soon be able to submit their bidding offers. The proposals should target projects with energy generation capacities of between 40KWP and 1MWP. 10 calls will be issued covering a grand 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. These new schemes, in line with EU regulations, are designed following discussions with stakeholders, designed in a way to attract investors serious about investments in renewable energy.
During the launch of the scheme, Hon. Dr Miriam Dalli explained how these schemes alone target four Sustainable Development Goals:
- SDG 7 Affordable and Clean Energy – through the use of renewable energy technology;
- SDG 9 Industry, Innovation, and Infrastructure – which is directly related to the advancement in the innovation of optimised technologies;
- SDG 12 Responsible Consumption – ensuring the efficient and sustainable use of natural resources;
- SDG 13 Climate Action – acting by supporting clean methods of production through the shift to cleaner energy.
There will be 10 calls, divided in two batches of five calls, in which both medium and large investors will have the opportunity to submit their offers.
|First batch of 5 calls||Bidders will be invited to submit proposals for renewable energy generation capacities from 40kW up to 200kW. Split in five bundles, with the first call allocating 2MW, and the rest an allocation of 1MW each.|
|Second batch of 5 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.|
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.
Watch this space! Ewropa Consultancy will keep you updated with the details of the tender applications once they are out, following which, we can also assist you with the application process from beginning to end.