Feed-in tariff schemes for industrial and commercial PV installations that expired on June 30 have been extended for three months.
In its efforts to ensure “continuity” and support Malta’s efforts towards reaching its 2020 Renewable Energy targets, the Energy Ministry said it would launch a set of feed-in tariffs applicable to such installations.
These would complement the ongoing grant scheme for residential installations. The new tariffs shall retain a four-tier structure and each tier shall be capped to 4MWp.
“While the ministry is aware that PV system prices have fallen since the inception of the current feed-in tariff schemes, it is still too early to assess the market impact of the impending higher anti-dumping tariffs, which should become effective on August 6,” the ministry said.
The extension to September 30 would provide sufficient time for “feasible projects that are still being processed to benefit from the new feed-in tariffs”.