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

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