EU Strategy on Offshore RES
To ensure that offshore renewable energy can help reach the EU’s ambitious energy and climate targets for 2030 and 2050, the European Commission published a dedicated EU strategy on offshore renewable energy (COM(2020)741) on 19 November 2020 which proposes concrete ways forward to support the long-term sustainable development of this sector.
Malta’s Low Carbon Development Strategy also highlights offshore renewable energy as one of the strategies to enable Malta to reach its environmental targets towards achieving carbon neutrality by 2050 and has since been studying offshore areas that can be dedicated to offshore renewables.
In May 2022, the Maltese Government issued a Preliminary Market Consultation (PMC) for The Proposal of Economic Activities within Malta’s Exclusive Economic Zone. The outcome of this consultation and the submission of interested economic operators is presently being assessed. The result of this exercise shall enable the Government to gauge the interest of potential investors to undertake activities and projects in the proposed exclusive economic zone area in line with the rights provided under the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and the Malta EEZ Act.
Further to Cabinet decision in January 2023, InterConnect Malta Ltd. (“ICM”) was assigned the role to act as a Project Implementor to plan, prepare, issue, recommend for award a concession for Offshore Renewables.