In recent years, several routes have been entered to face scarcity of energy resources with the aim of supporting the smart, sustainable and inclusive growth of the Countries. In this framework, the management of solid waste (MSW) to produce biofuel has assumed relevant dimensions in both environmental and economic terms. The paper aims to investigate the impact that plants could have to re-launch local economies and to contribute to energy self-reliance of particular realities, such as small islands. Differently from other works, authors apply non-conventional Islamic Finance instruments to demonstrate consistent profitability of the investment, suggesting policies contributing the feasibility and advancement of the research in terms of industrial and territorial political and legislative backing. The applied methodology is organized in different steps: first, a proper analysis of market condition is in-depth; then, the assessment of project financing as ideal contractual public–private partnership (PPPs) typology is shown; moreover, the technical-economic-financial feasibility analysis are tackled; finally, the application of non-conventional Islamic Financial models is analysed and the case study sets in Malta is mentioned. The approach undertaken appears to be totally innovative for the original application of new financial instruments to project financing for the fulfilment of worldwide needs and objectives. The potential of the research seems evident in consideration of the high feasibility in similar contextual realities and consequent profitability of the plants, since the research project represents a full package service in order to follow the integrated investment cycle and to transcend conventional indicators for the achievement of a long‐term economic, social, environmental, political value creation. The attractiveness of the investment is going to be crucial for European and International investors and decision makers in order to contribute to the re-launch of different economies and industrial policies and to contribute to the transparent competitiveness of capital-intensive market. From this point of view, the lobbying strategic plan will eventually draw Government and responsible actors to undertake more environmentally sustainable actions for the improvement of economic and occupational records in compliance with both European and International standards.