Malta’s fully government-owned company Interconnect Malta (ICM) has launched a preliminary market consultation (PMC) to gather information from the market on the feasibility of large-scale importing of renewable energy from North Africa to Malta via a cable link.
The PMC is seen as a formal, non-binding “market sounding” exercise that will help in understanding the initiative’s feasibility, with the purpose of gauging market interest by seeing which global developers are interested in investing, as well as in understanding the mix and types of technologies being proposed to achieve this large-scale energy transfer, together with their projected resultant energy supply profiles.