The three Mediterranean countries of Greece, Cyprus and Israel signed this week an agreement to develop a subsea cable that links their electricity grids. Upon completion, the so-called EuroAsia Interconnector will be the world’s longest subsea power cable and could boost solar PV development in all three countries substantially.
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.
The Mediterranean country is launching a second net metering program after a strong response to a similiar initiative last year. Despite broad support for renewable energy, the nation’s limited grid remains a problem for future expansion of renewables.
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