impact of key decisions on energy policy that Cyprus is confronted with making today. I trust this roadmap will prove useful in the country's pursuit of accelerated renewable energy deployment. As our world strives for a future based on clean, secure and affordable energy for all, Cyprus can be the Contact online >>
impact of key decisions on energy policy that Cyprus is confronted with making today. I trust this roadmap will prove useful in the country''s pursuit of accelerated renewable energy deployment. As our world strives for a future based on clean, secure and affordable energy for all, Cyprus can be the
The Scheme provided for Feed in Tariffs for the technologies of Wind, Solar Thermal, Photovoltaic and Biomass. A number of projects were approved in this contexts and installations occurred as of
Cyprus has set out to attain a higher share of renewables, and this roadmap helps to assess op-timal investment strategies in the power sector. Solar PV and wind power will play a major role in the roadmap to 2030. Roadmap findings will play an important role to revise existing energy policies and develop new ones.
Energy security: Solar energy provides reliable access to energy where it is used. It can also supplement energy needs during blackouts and disaster recovery for electricity, water pumping and hot water, Energy independence: Solar energy can be used to reduce our independence on fossil fuels imported from foreign countries,
Solar power in Cyprus benefits from over 3,300 hours of sunlight annually, giving it the highest potential in the European Union (EU). [1] The 2023 IRENA Energy Profile for Cyprus highlights the increasing significance of solar energy in the country''s renewable energy mix.
The Scheme provided for Feed in Tariffs for the technologies of Wind, Solar Thermal,
Cyprus, a European Union member state since 2004, is at the crossroads of determining how its energy sector, and particularly the power sector, should develop in the coming decades. The island country currently depends on imported oil to meet most of its growing energy needs. At the same time, cost reductions on renewable energy technologies, coupled with abundant renewable energy resources, provide the chance to reduce dependency on fossil fuels while complying with EU renewable energy targets for 2020 and fulfilling the country’s own targets for 2030.
To address these challenges, Cyprus has co-operated with the International Renewable Energy Agency (IRENA) to develop a roadmap for renewable energy deployment based on detailed demand forecasts, long-term energy modelling and a review of relevant technologies for the grid integration of variable renewable energy.
The resulting Renewable Energy Roadmap for the Republic of Cyprus provides a detailed analysis of deployment options and delivers quantitative insights to assist Cyprus with upcoming energy policy decisions. As the roadmap clearly shows, renewable energy could form a major part of the country’s future power generation mix. Solar photovoltaic (PV) power has already attained prominence, with installed capacity in 2030 expected to reach between 500 megawatts (MW) and 1,000 MW, depending on the scenario. The roadmap also indicates that deployment of renewables could greatly reduce energy import dependence while lowering the cost of electricity generation in Cyprus.
In addition to supporting renewable energy deployment in Cyprus, this roadmap can serve as an informative document for other islands and remote regions that are devising strategies for the optimal deployment of renewable energy.
Cyprus has announced a new scheme to increase residential solar deployment and help about 6,000 households to lower their electricity bills. Constant delays in the opening of the national retail electricity market to competition, meanwhile, are costing households millions.
Image: Dimitrisvetsikas1969, Pixabay
‘Photovoltaics for All'' will build on previous schemes for renewable energy by eliminating the need for initial investor capital, shifting the responsibility of purchase and installation costs directly to registered installation firms, streamlining paperwork, and accelerating the administration process. The new program will only fund systems up to 4.16 kW of PV capacity per household and the participating households will need to pay the investment back via €150 installments, payable to their power supplier every two months through their electricity bills.
Papanastasiou stated that a household consuming an average of 825 kWh every two months currently pays around €280 for electricity. However, with a 3 kW PV system installed, the cost can drop to €195 every two months, reaching as low as €45 every two months after the installation payback period of about three to four years.
The new program for the installation of residential photovoltaics comes at a time when electricity consumers are complaining about the escalating costs of powering their homes. However, there is no alternative option because the country''s retail electricity market is not open to alternative suppliers. The lack of competition means prices remain high.
About a decade ago, Cyprus promised the European Union to open its wholesale and retail electricity markets to competition. However, the opening of the retail market to independent producers has yet to happen, allowing the incumbent utility to dominate the retail market and the electricity consumers to suffer the economic consequences.
On the wholesale market front, things are slightly better. Given the lack of a competitive wholesale market, the government decided in 2017 to establish a transitional wholesale regime, which allows independent generators to sell power to large business and industry consumers only. Today, there are several independent generators who use photovoltaics to power large businesses and the industry at cheaper prices.
Cyprus urgently needs to implement the new, competitive electricity market structure it has promised the European Union. In doing so, the country will install greater amounts of solar than it would through its subsidy schemes.
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Gain comprehensive insights into the statistics and metrics surrounding the solar production industry in Cyprus
Cyprus receives approximately 3,400 hours of sunshine per year. July is the sunniest month, with about 397 hours of sunshine. 1
The annual average potential for photovoltaic (PV) energy generation in Cyprus is estimated to be between 1,500 and 1,700 kWh/kWp. 2
The average cost of electricity from utility companies in Cyprus is approximately $0.38 per kWh during the second half of 2023. 3
4Cyprus’s power grid is challenged by the increasing integration of renewable energy sources (RES) and its isolated nature. Sudden weather changes can disrupt the balance between supply and demand, leading to power shortages or excess, requiring the disconnection of some solar plants.
The remote load control system can switch off photovoltaic units of up to 85 MW out of the 210 MW installed capacity. If no systemic improvements are made, the rising share of renewable energy will force TSOC to disconnect such units more often.
To ensure grid stability, Cyprus must invest in energy storage, grid modernization, and advanced monitoring technologies, especially as it awaits interconnections like the EuroAsia Interconnector and the planned link to Egypt.
As of 2022, Cyprus has an installed solar power capacity of approximately 420 MW. 2
The average daily availability of electricity from the national grid in Cyprus is almost 24 hours. 4
About Cyprus solar energy policy
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