The Finance Minister has formally launched a €10m grant scheme for businesses which invest in energy saving.

He said during a visit to E&M Meats – which has invested in clean energy – that the scheme is open to all enterprises, including retailers and the tourism industry. It is co-financed by the European Regional and Development Fund,

The energy grants will be accessible through a competitive call that will be administered by Malta Enterprise. Two types of investments will be supported: investment in energy saving measures, such as the installation of intelligent lighting systems, solar heating, thermal insulation, building management systems and energy-saving lighting, and investments in alternative energy sources such as the installation of energy generating solutions based on the use of solar power and wind power.

Projects should be completed within 18 months and have a minimum project value of €25,000.

He pointed out that the government recently also launched energy audits through which enterprises can identify effective ways of reducing costs of energy consumption. Businesses can apply with Malta Enterprise for an audit by a qualified expert.

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