€80 mln for RES energy battery storage

Energy is an area of potential cooperation that was discussed during the state visit to the island of Germany’s President Frank-Walter Steinmeier. Talking to the press, Cyprus President Nikos Christodoulides said that


Electricity storage solution within 24 months

The government aims to solve energy storage within the next 18-24 months so the grid does not reject green energy,  said Energy, Commerce and Industry Minister George Papanastasiou. Addressing a press conference

Millions worth of cheap RES wasted

Approximately €8 mln worth of cheap energy produced by Renewable Energy Sources will be rejected by the island’s grid by the end of the year, as it cannot handle the excess load,

Government told more RES can’t be absorbed

The government will continue to subsidise the installation of solar panels in homes, despite warnings the system can’t absorb additional Renewable Energy Sources (RES), said Energy Minister Natasa Pilides. A joint letter

Aradippou municipality pioneers RES projects

In a pioneering move, Aradippou Municipality, in the Larnaca district, is creating not one but two solar parks to contribute to clean energy sources. In comments to the Cyprus News Agency, Aradippou

AKEL wants 90% windfall tax on RES profits

Main opposition party AKEL has tabled two bills targeting excess profits with a whopping 90% windfall tax on energy producers working with Renewable Energy Sources. The bills tabled by the left-wing party