PRESS RELEASE BY THE MINISTRY WITHIN THE OFFICE OF THE PRIME MINISTER AND BY THE PARLIAMENTARY SECRETARIAT FOR THE EU PRESIDENCY 2017 AND EU FUNDS: Euros 8 million extension on PV Grants Scheme

An Euros 8 million extension on the domestic Photovoltaic Grants Scheme was announced by the Minister within the Office of the Prime Minister Konrad Mizzi and the Parliamentary Secretary for the EU Presidency 2017 and EU Funds Ian Borg. Minister Mizzi said that the scheme aims to incentivise households to invest in renewable energy to generate electricity from clean sources and to reach the European Unions’ renewable energy 2020 targets set for Malta.

During the press conference Minister Konrad Mizzi said that the Government invested more than Euros 40 million in renewable energy domestic schemes during the past four years and around 20,500 families benefitted from these schemes during this period. These include schemes for the installation of photovoltaic panels, schemes for roof insulation and double glazing, and the recently launched communal PV farm scheme aimed for people that have no access to rooftops.

During his speech, Minister Mizzi also said that Malta is on track to reach its 2020 renewable energy targets having already reached half of this target and has also launched a National Renewable Energy Action Plan for 2020.

During his intervention, Parliamentary Secretary Ian Borg said that after 10 months from the first call launched under the European Regional Development Funds for Malta 2014-2020 in May 2016, Euros 6.2 million have been committed with 2,844 families benefitting from renewable energy sources. Dr Borg said that the Government is optimistic about reaching its sustainable energy targets by 2020 and urged more residents to invest in photovoltaic panels from the remaining grants available in the next 14 months.

Source: Government of Malta