Energy - Page 28

€120 mln loan deal signed for first private energy plant

Cyprus’ first private power plant is on track to go online in 2023, as the project owners Cyfield Group announced the signing of the final financing agreement for the 260MW station. As

3rd August 2022

Business/Energy

Car importers bolster EV charger network

Buying an electric car or a plug-in hybrid seems to be moving at a snail’s pace in Cyprus, not just because of the rising cost of electricity but also the absence of

30th July 2022

Cyprus/Energy

How Europe can reduce dependence on Russian fossil fuels

As the war in Ukraine shows no sign of abating, Europe is looking to phase out Russian fossil fuels by accelerating renewable energy production. However, it must ensure reliable access to the

29th July 2022

Comment/Energy

Government approves €50 mln subsidies for electricity bills

A new €50 mln package to support households and businesses from soaring electricity prices was announced by the government to reduce bills expected to rise by 25%. It will cover 50% to

28th July 2022

Cyprus/Energy

Cyprus pledges to help EU reduce energy output

Cyprus is ready to contribute in every possible way to reduce energy demand, so any gap in the supply of natural gas on the European market can be narrowed. This was the

27th July 2022

Energy

Church, EAC in €70 mln venture for 14 solar parks

A joint venture of the Cyprus Church and the Electricity Authority has received the environmental green light to build 10 photovoltaic parks with a 68 MW capacity in the Nicosia villages of

26th July 2022

Cyprus/Energy

Europe compromises on Russian gas cuts

EU countries approved a diluted emergency plan to curb gas demand after striking compromise deals to limit the cuts for some as they brace for further Russian reductions in supply. Europe faces

26th July 2022

Energy/Europe

Cyprus could pump gas to EU by 2027

The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, which could start producing by 2027, the energy minister said. “Europe is

26th July 2022

Cyprus/Energy

Germany faces fiscal risks from tight gas supplies

The economic outlook for Germany has deteriorated in recent months due to high energy price inflation and rising gas security risks, the DBRS Morningstar The sharp increase in global energy prices has

25th July 2022

Energy/World

Chevron to speed up Aphrodite extraction

Cyprus and US energy firm Chevron said they are committed to accelerating the development of the offshore Aphrodite gas field to supply the European Union and Egypt. Energy Minister Natasa Pilides announced

22nd July 2022

Energy