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
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
Finance Minister Constantinos Petrides shot down two bills tabled by the Opposition targeting excess profits with a 90% windfall tax on producers of Renewable Energy, arguing they lack fiscal logic. “The two
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
A decision on whether producers of Renewable Energy Sources (RES) have made excess profits due to the unexpected electricity price increase will be taken early next year. Finance Ministry Permanent Secretary Giorgos
The EU published a new Directive this month “to promote the use of renewable energy sources by means of reduced VAT rates.” The Directive states: “In order to support the transition towards
Despite recording the third biggest increase in the share of renewable energy in transport, Cyprus is ranked sixth from the bottom among EU member states, missing its 2020 target. Environmentalists say last-minute
The Electricity Authority of Cyprus is ready to cross the new energy era threshold, marked by the arrival of natural gas and the development of Renewable Energy Sources (RES), said EAC Chairman
By Costis Stambolis As Cyprus has embarked on the road to introducing natural gas to its energy system, following the signing of agreements by DEFA – Cyprus’s gas company – with contractors and suppliers
While Cyprus is desperate to produce clean energy, one of the island’s biggest and most technologically advanced RES projects has been tangled in government red tape for the past six years. The
