Cyprus to replace net metering with new self-consumption regime
Cyprus will replace its current net metering and billing schemes with a new, market-based self-consumption model from January 2026, as the island’s electricity sector opens to competition.
Cyprus set to abandon net metering
The Cyprus Ministry of Energy, Commerce says it will accept applications for new net metering and net billing systems until Oct. 1, 2025. While the government has not announced its next steps, pv magazine has learned that it plans to phase out net metering.
Cyprus curtails more than half of renewables, including residential solar
Cyprus curtailed more than half of its potential renewable power in early 2025, including record residential solar cuts, as grid limits and a lack of storage strain its energy transition. Without swift investment in flexibility, analysts warn the country risks eroding public trust and delaying decarbonization.
Greece now interconnected with Crete via 1 GW transmission line
A 1 GW direct current (DC) transmission line linking mainland Greece to Crete has entered trial operation, with full commercial service expected by September to support new green power capacity and future interconnections with Cyprus, Israel and Egypt.
Israel installs 900 MW of PV capacity in 2024
Recent data show Israel added 900 MW of solar PV capacity in 2024. The majority of the newly-added capacity stems from projects operating under merchant power purchase agreements (PPAs).
Greece awards 189 MW of battery storage in third auction
Greece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy program launched in 2023, with the country now turning its focus towards a new 4.7 GW unsibsidized BESS scheme.
Greece launches 4.7 GW utility-scale battery storage program
Following a brief consultation in late February, the Greek government has unveiled a new battery storage program targeting 4.7 GW of utility-scale, standalone projects which will be given a priority connection and operated on a merchant basis without subsidy support. The decision detailing the new program is the last policy made by the energy ministry before a cabinet reshuffle initiated last week.
Cyprus curtails 29% of renewable energy in 2024
Cyprus curtailed 29% of its renewable energy in 2024, a record high that signals risks to the island’s energy transition.
Cyprus introduces energy storage subsidy scheme
Cyprus’ Ministry of Energy, Commerce and Industry has launched a subsidy scheme for energy storage systems paired with existing renewable energy plants. Eligible projects will be remunerated by feed-in tariffs (FiTs) or net billing systems.
Cyprus installs 159 MW of new PV in 2024
Cyprus installed 159 MW of new solar capacity in 2024, bringing its total to 797 MW by year-end, according to the latest data from the Cypriot transmission grid operator.
