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
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
