What does the new energy plan mean for Cyprus?

The revised plan will aim to provide a detailed map of the country’s transition to a more competitive, lower greenhouse gas emissions energy system, by establishing adequate policies and measures to enable Cyprus to successfully meet its new, more ambitious energy objectives for 2030.

What percentage of Cyprus' electricity will come from renewables in 2030?

Based on this analysis, between 25% and 40% of Cyprus’ electricity supply can come from renewables in 2030, in the economically optimal mix. Solar PV is the predominant renewable energy technology in all scenarios, supplying between 15% and 27% of the electricity consumed in Cyprus in 2030.

What is Cyprus doing to reduce energy costs?

Cyprus has prioritised work for both the reduction of energy costs and the further exploitation of the national potential of renewable energy and energy efficiency.

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.

Can Cyprus meet 40% of its energy demand by 2030?

Over the last several years, solar energy projects have become a thriving segment for Cyprus. The International Renewable Energy Agency (IRENA) has been working with Cyprus assessing the country’s potential in its transition to renewable energy and noted that Cyprus has the potential to meet 40% of its energy demand through solar power by 2030.

Is Cyprus ready for a green energy revolution?

Cyprus’s renewable energy sector is poised for exponential growth, with targets of 80% renewables by 2050. Global trends, including declining technology costs and increased international cooperation, will likely accelerate this transition. Investors who act now can position themselves at the forefront of Cyprus’s green energy revolution.