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 audit agency said at least half the EU member states will be unable to reach their 2020 renewable energy targets, including the Netherlands, France, Ireland, Poland and the U.K. It recommends citizen participation and more renewable energy auctions to increase investment and raise volume in the EU clean energy sector. Cross border renewables trade and grid improvements are also highlighted as necessary for a successful energy transition.
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.
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