Featured in Distributed bliss – 06-2022

Reforms loom, Cyprus begins to move

Cyprus is a laggard in renewable energy development compared to many of its European neighbors. Given its reliance on oil and gas imports, the consequences are now being felt by electricity consumers on the island. However, as Ilias Tsagas reports, a combination of factors may soon provide the leverage that changes the game fast.

By

Ilias Tsagas

24 Jun 2022

Image: EAC

Subsidy-free is not always what it seems. In recent years, Cyprus has seen a wave of new PV parks that are often branded as “subsidy-free,” but in many cases, they do receive temporary subsidies. Specifically, when a project is supported via a power purchase agreement (PPA) signed between a power generator and an offtaker, this …

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