CERA

Electricity market liberalization and private sector development of solar and energy storage in Cyprus continue to be delayed. pv magazine’s Ilias Tsagas looks at why independent power producers are frustrated by electricity curtailment and a lack of market reform.

Although the government last month started offering purchase incentives for residential batteries, a net metering regime which is in place for solar households means there is little to prompt PV owners to splash out more on storage.

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.