- Press Releases
August 29 (SeeNews) - The European Commission (EC) today approved renewable power support mechanisms in Malta and Luxembourg, saying that they are in line with EU energy objectives.
The EC has assessed the plans and determined that they will not distort competition unduly, it said in a statement.
Luxembourg presented its renewables support plan in September 2015. It intends to allocate EUR 150 million (USD 168m) for premium payments to support operators of wind, solar, biogas, hydropower and biomass installations between 2016 and 2020. Luxembourg has a renewables target of 11% of gross electricity consumed by 2020.
Malta, on the other hand, introduced its plan in December 2015. The total budget of its own programme for the same period is EUR 140 million. It will back operators of solar photovoltaic (PV) and onshore wind parks. Malta has a renewables target of 10% of gross electricity consumed by 2020 and had already achieved a 4% share by the end of 2014.
(EUR 1.0 = USD 0.893)