Solar Farm In Rabat To Be Completed By October

25th July 2017

Works on the solar farm in Rabat are at an advanced stage, with the completion date set for October 2017.

Works on the solar farm in Rabat are at an advanced stage, with the completion date set for October 2017.

The €1.46 million project, carried out by the Water Services Corporation will cater for up to 370 families – households lacking roof access and therefore unable to invest in photovoltaic energy. It is based at the Fiddien water reservoir in the limits of Rabat.

The area, which has a footprint of two football pitches, will be covered by around 4,000 panels, which will contribute to a reduction of about 600 tonnes of carbon dioxide per year.

Under this scheme, each household can purchase up to three kilowatts of peak power at €1,495 each, as if they had purchased their own system at a reduced price through the government grant.

Once a PV system is working, its beneficiaries will save 15c per kilowatt hour in the first six years, which will fall to 10c5 in the subsequent 14 years.

Energy Minister Joe Mizzi, who visited the facility, said that the project would contribute to reaching the EU’s 2020 clean energy generation targets and increase Malta’s spare power capacity.

Those who join the scheme at an early stage will start benefiting earlier, as from next month parts of the facility will be hooked to the grid.

24th July 2017

Dubai-based developer Damac, whose chairman met Prime Minister Joseph Muscat, is "keeping an eye" on Malta as it looks to expand its international investment portfolio.

24th July 2017

Malta's first-ever Bitcoin ATM has been installed in Sliema, where it is operated by Venture Trading, offering the service of converting Bitcoin to euro.