Cyprus

Greek energy team Helleniq Energy (previous Hellenic Petroleum) is close to getting a 20-MW solar park in Cyprus in a bargain anticipated to be secured within the next few weeks, Insider Greece reports.

Norwegian business Ocean Sun has actually signed an agreement to offer its floating solar innovation for utility-scale floating PV projects in Greece and also Cyprus.

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.

The Electricity Authority of Cyprus has issued a public call to select landowners to lease space for the development of large-scale solar projects.

The 2.5-megawatt PV facility will be operating under a program meant to protect grid operators against going bust