A European project which aims at making better use of PV technology in terms of cost and performance and integrating PV power into the national electricity grid on a large scale, has been launched.
The launch of the project entitled “Smart net-metering for promotion and cost-efficient grid-integration of PV technology in Cyprus (SmartPV)» was announced by the Photovoltaic Research Laboratory and the Energy Sustainability Unit of the University of Cyprus during a ceremony held at the offices of the Electricity Authority of Cyprus(EAC).
According to a press release issued by EAC, the project is co-funded by the European program LIFE + (LIFE + Environment Policy and Governance) and has a total budget of 1,219,838 euros.
The SmartPV project is looking to carve out an improved energy policy in relation to renewable energy sources (RES) in Cyprus based on smart net-metering and self-production methods.
The project aims at making better use of PV technology in terms of cost and performance and integrating PV power into the national electricity grid on a large scale.
The project focuses on optimizing intelligent energy management systems in order to create alternative economic and sustainable measures through harmonization and reassessment of existing government subsidies and grants.
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