Cyprus' biggest PV park is running subsidy-free

Mar 10, 2020 12:35 PM ET
  • The 8 MW center has actually been created by a concrete manufacturer to provide around 10% of the yearly electrical power requirements of its close-by manufacturing facility. Under subsidy-free policies, the power will certainly be purchased by the Electricity Authority of Cyprus for the typical rate it would certainly have paid if the electrical energy had actually originated from nonrenewable fuel sources.
Cyprus' biggest PV park is running subsidy-free
Image: mabutho/Pixabay

Dimension issues as well as, in loved one terms at the very least, the 8 MW solar project created in Cyprus could be taken into consideration a monster.

The solar plant possessed by the Vassiliko Cement Works Company Ltd is around 8km from the Nicosia-based organisation' manufacturing facility in Amalas as well as will provide around 10% of the concrete manufacturing facility's yearly electrical power without public aid.

Cyprus' subsidy-free market begins

pv magazine has actually formerly reported on Cyprus' subsidy-free plan, which gives that power produced by such centers is acquired by the Electricity Authority of Cyprus (EAC) at the 'expense evasion price' stood for by the typical cost it would certainly spend for electrical energy produced from nonrenewable fuel sources. That price was high at the time of magazine yet capitalists birth the danger of an unstable wholesale power rate.

Cyprus intends to create 13% of its power from renewables this year as part of a passion including transportation as well as area heating & cooling in addition to power. The country has actually currently accomplished that target in 2018 and also in 2014, thanks to the payment of solar thermal as well as heatpump systems for cooling and heating.

The power market passion to safeguard 16% of power from tidy power resources this year is some way off, with the number resting at around 10% with less than 10 months to go.

Keeping that in mind, the Cypriot federal government is eager to include around 120 MW of subsidy-free solar generation ability, up from the present 26 MW that includes the Vassiliko Cement Works plant, an EAC speaker informed pv magazine.

A representative for the Cyprus Energy Regulatory Authority stated the progression made so far went over offered the plan was just recently settled. Programmers that intended to develop subsidy-free renewables centers needed to send applications by April 30, 2018 and also the initial wave of setups began last summertime.

Project specifics

A news release provided by the Vassiliko Cement Works Company specified its solar project's "general expense for licensing, link and also building to the grid totaled up to roughly EUR6.5 million". A spokesperson for the company informed pv magazine the project was totally funded with a small business loan.

The concrete business protected a building license in April and also began building and construction the exact same month with the project finished last month, the spokesperson included. London-based Sunel gave building, design and also purchase solutions for the plant, which makes use of panels made by Chinese producer Upsolar.

Plan advancement

Cyprus was just one of the initial EU participant specifies to relocate from taken care of feed-in toll repayments to a solar project purchase design based upon affordable tendering, in 2013.

The country's web metering as well as web payment routines have actually driven roof solar, with a 2.5 MW net-billed system that is the biggest PV roof in Cyprus to day mounted last in 2015. Technologies connected to power storage space as well as blockchain systems are additionally under growth.

In spite of such progression, nonetheless, Cyprus still has just around 170 MW of mounted solar generation capability as well as depends mainly on imports of costly diesel and also gas to create its electrical power regardless of being among one of the most sun-drenched EU participant states.

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