The work on Malta’s new policy now undergoing consultation started last year. As reported by the Times of Malta in October 2022, at that time, work on developing a framework for floating wind and performing studies to identify the areas for offshore wind development was already underway at the country’s environment ministry. Reports by national media from the fourth quarter of last year also state the finance ministry was holding a preliminary market consultation to gauge interest in activities in Malta’s EEZ.
According to estimates by the Global Wind Energy Council (GWEC), Ocean Renewable Energy Action Coalition (OREAC), and World Bank-funded ESMAP, Malta has 25 GW of technical offshore wind potential , with the entire potential best suited to be tapped into using floating wind technology.