Be. Legal Advocates proud to have been instrumental in licensing of Malta-based ‘Energy Efficiency’ Investment Fund

Be. Legal Advocates proud to have been instrumental in licensing of Malta-based ‘Energy Efficiency’ Investment Fund

Be. Legal Advocates is proud to have assisted, as lead legal counsel, with the establishment of a Professional Investor Fund in Malta, with the primary investment objective of investing and trading in Energy Efficiency Certificates (also known as ‘white certificates’). The investment fund is one of the first of its kind to be granted a licence by the MFSA.

The investment fund is one of the first of its kind to be granted a licence by the MFSA

Energy efficiency certificates are tradable/ negotiable market-based policy instruments certifying that a specified amount of energy savings has been achieved and each such certificate is a unique and traceable commodity, carrying a property right over a certain amount of additional energy savings and guaranteeing that the benefit of these savings has not been accounted for elsewhere.

Directive 2003/54/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in electricity and with Directive 2003/55/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in natural gas, provide for the possibility of using energy efficiency and demand-side management as alternatives to new supply and for environmental protection, allowing Member State authorities, inter alia, to tender for new capacity or to opt for energy efficiency and demand‐side measures, including systems for energy efficiency certificates.

In the light of the rising global environmental concern and the increasing attention being paid to issues related to security of energy supply and the rigorous promotion of its conservation, we feel that it is positive to see the energy efficiency industry enjoying continuous growth

In the light of the rising global environmental concern and the increasing attention being paid to issues related to security of energy supply and the rigorous promotion of its conservation, we feel that it is positive to see the energy efficiency industry enjoying continuous growth.

Be. Legal Advocates is delighted to have led the application process with the MFSA until completion and continues to provide ongoing legal and regulatory support to the investment fund.

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