Will Cyprus install a lithium-ion battery storage system in 2026?

Additionally, Cyprus plans to install lithium-ion battery storage systems starting in 2026, with a target capacity of 160 MW by 2030, offering at least 2-4 hours of energy storage. In 2022, renewable energy sources accounted for 16.96% of total electricity production, up from 14.84% in 2021.

Does Cypriot government have a plan for a concentrated solar power plant?

As for other major endeavors in the territory controlled by the Cypriot Greek government, there was a plan for a concentrated solar power (CSP) plant of 50 MW with thermal storage in Alassa near Limassol. However, the project has been dormant since 2020.

Does Cyprus have a solar project?

However, the project has been dormant since 2020. The Holy Archdiocese of Cyprus and Electricity Authority of Cyprus have established a joint venture that is developing projects for a group of solar power plants. Cyprus hosts photovoltaic installations of over 350 MW in total, of which more than 140 MW is in net metering systems.

Why is Cyprus developing its electricity market?

Cyprus has put all its efforts into developing its electricity market, aiming to alleviate energy curtailments and improve energy security.

Will Cyprus have a 72 MW solar park?

The Ministry of Agriculture, Rural Development and the Environment of Cyprus has received an environmental impact assessment study for a 72 MW solar park, which would currently be the biggest in the country by far.

Where to build a photovoltaic plant in Nicosia?

The photovoltaic plant with storage is planned to be built near the villages of Akaki and Kokkinotrimithia in the Nicosia province. The area spans 82 hectares of state land, which would be taken under a lease. The solar park is envisaged to be made up of 114,297 panels, separated into 11 segments of 3 MW to 8 MW each, on both sides of a road.