The 8 MW facility has been developed by a cement producer to supply around 10% of the annual electricity needs of its nearby factory. Under subsidy-free rules, the power will be bought by the Electricity Authority of Cyprus for the average price it would have paid if the electricity had come from fossil fuels.
The 2.5 MW array will operate under a payment system which guarantees grid operators will not be left out of pocket.
The French manufacturer and EPC company says it is building a 4.5 MW solar farm in the country as part of a commitment to Cypriot PV in 2019.
The University of Cyprus announced plans a few years ago to build a solar PV farm in the United Nations buffer zone in the capital city of Nicosia. The project is finally coming to fruition, but with two additional elements: battery storage and testing for a blockchain system.
Cyprus has introduced several policy schemes supporting solar development over the years, yet the single most important boost for PV technology on the island is a plan that backs a new wave of what are considered to be subsidy-free projects.
The Cypriot Energy Regulatory Authority (CERA) announced on Friday 14 December the results of its recent application call for photovoltaic projects ranging from 20 KW to 150 KW. Overall, 18 applications were approved corresponding to a total capacity of 1.7 MW of solar power.
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