The University of Cyprus and energy developer Ecotricity Holdings have jointly installed a nanogrid system for a single building in Cyprus. The aim is to minimize the site’s energy consumption costs and eliminate the power system’s carbon footprint.
The typical volume of excess clean power wasted daily on the island has rocketed since last year. With a fossil fuel industry veteran heading the energy department after February’s presidential election, what prospect is there of a green transition?
German and Greek electric utilities have decided to build 280 MW of new solar capacity in Greece’s former coal region in Western Macedonia. This is in addition to solar farms the two utilities are already jointly building in the country, in pursuit of their 2 GW solar target for former Greek mines.
Greece is experiencing consecutive heatwaves and a number of forest fires this month that have increased demand for electricity. The country’s solar photovoltaic fleet is keeping the power system running at peak times.
Greece’s energy regulator has announced three separate auctions for standalone energy storage systems connected to electricity transmission networks. The application process for the first auction, which involves 400 MW of energy storage, will be open until July 10.
Germany’s RWE and Greek state-owned utility PPC have signed power purchase agreements (PPAs) for three of five solar projects to be built in a former coal mining region in Greece. They will sell the electricity to local utility Heron.
Lebanon’s persistent political and economic meltdown, resulting in widespread poverty and an incapacitated electric utility, has led citizens to adopt off-grid solar-plus-battery systems. Over the past two years, they have installed a record-breaking 900 MW of PV.
Lebanon’s government has signed power purchase agreements (PPAs) for 11 projects with 165 MW of PV capacity. Investors have one year to reach financial closure.
Public Power Corp. (PPC), Greece’s state-owned utility, has won a tender to build a solar-plus-storage project on the Greek island of Astypalaia.
Greece’s Ministry of Environment and Energy has revealed a new €200 million ($215.3 million) subsidy program for solar projects and small storage systems in the residential and agricultural segments. The scheme is backed by the country’s post-pandemic recovery plan.
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