Your opinion is important! A survey about Wage Regulation Orders
28 September 2023
The Department of Industrial and Employment Relations (DIER) is currently carrying out a study about...
The Malta Chamber of SMEs notes with satisfaction the massive turnout for participation in the Invitation to Bid (ITB) issued by the Energy Ministry via the REWS (Regulator for Energy and Water Services) for the award of financial support for electricity from renewable energy. The participants were bidding for the feed-in tariff rate that Government will give them when they feed the power they generate into the national electricity grid. The proposed projects are all privately owned solar farms that they are planning to build and finance.
Over subscription in this case is a watershed moment for Malta. Malta has really turned a new page in renewable energy production. Clearly, there is investment appetite as well as confidence from Private Enterprise in the future of the country. It is also evidence of the good work being done by the Energy Ministry as well as encouragement for the Ministry to work together with stakeholders such as the Malta Chamber of SMEs to achieve even more.
Of a total of 50MW power generation through the proposed projects, only 19MW will materialize due to capping imposed on the capacity that can be installed. We strongly urge Government to raise the limits imposed so that the remaining projects are green-lit as soon as possible. It would be a pity if these investors lose interest; keeping up the momentum will likely attract new investors which will eventually result in putting Malta on the European renewable energy map. Encouraging more investment, such as this, one will enable the nation to reach its renewable energy targets. Funds currently being spent abroad to purchase energy can instead be diverted to the local economy, Industry and Employers.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).