Bank of Cyprus said it has successfully issued its first green bond, more than four times oversubscribed, raising €300 mln to fund renewable energy projects, as well as climate-friendly buildings and transport.
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
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
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,
Efforts to transition to a carbon-neutral economy are doomed to fail if the government does not invest in energy storage facilities, as the island’s isolated grid cannot handle the excess load from
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
