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

New EU Directive to promote RES

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

Cyprus fails RES targets

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

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EAC ready for mixed-energy era

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

Cyprus is failing to go green

Cyprus is failing its green credentials by staying at the bottom end of Europe for electricity generated from renewable sources, consumption of alternative energy and using RES in transport. The share of

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