The Electricity Authority of Cyprus (EAC) is at odds with the Energy Regulatory Authority (CERA), which blocked its move to increase electricity bills by a whopping 25%, fearing consumer outrage. According to
Oil prices will surge further, impacting the global economy and investors, if U.S. President Joe Biden fails to cool rising tensions in the Middle East during his visit to the region, warned
Cyprus has the potential to meet 40% of its energy demand through solar power by 2030, Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera said. He told the Cyprus
High gas storage and steady liquid natural gas (LNG) imports will secure the coming winter’s gas supply in Europe, predicts a Moody’s analysis. It said: “Our base case is that gas supply
Cyprus must develop the infrastructure for power generation and an outlet for natural gas exports to international markets, said Energy Minister George Papanastasiou at the 14th Limassol Economic Forum. He said in his intervention, there
The EuroAsia interconnection project must move forward. The future of energy worldwide, and in Cyprus, is green energy and renewable energy sources (RES). We cannot increase the penetration of RES by more
After twelve years of designing and implementing the world’s longest and deepest electricity cable between Israel, Cyprus and Greece, EuroAsia Interconnector Limited has handed over the role of project promoter to the
Turkey has proposed “joint exploitation” of Cyprus’ natural resources to abandon the talks framework based on a bizonal, bicommunal federal solution for one of two states. Turkish Foreign Affairs Minister Hakan Fidan
No relief for motorists is in sight from hiking petrol prices, as the government is contemplating new fuel taxes as part of a green taxation reform imposed by the European Union. The
A clean-energy start-up, ready by 2030, aims to become the world’s longest subsea interconnector, supplying Britain with about 10.5 gigawatts of electricity, enough for 7 million households, or about 8% of the
