This article**: The people**.
Reporter Xie Yahong.
People** 2024-02-07 15th edition).
The Ministry of Energy, Commerce and Industry of Cyprus recently announced that it will launch the "Photovoltaic for All" program starting this year, investing 90 million euros in the next three years to increase the use of photovoltaic panels and enhance photovoltaic power generation capacity, thereby reducing household electricity bills. This year, Cyprus** is expected to provide subsidies for the installation of rooftop PV systems in around 6,000 households, with the option to spread the cost of installing the PV system over the rest of their electricity bills. Local** believes that the plan is expected to significantly reduce residential electricity bills and accelerate the country's green transformation.
As a country with a lack of traditional energy and high energy quality, Cyprus has paid more attention to the development of renewable energy in recent years, and plans to increase the proportion of renewable energy to 22 by 20309%。With an average of more than 300 days of sunshine per year, Cyprus is ideally positioned for the development of photovoltaic power generation. In 2022, Cyprus** began to increase subsidies for residential photovoltaic power generation and house insulation renovations, almost doubling subsidies for households to install solar panels. According to the Ministry of Energy, Commerce and Industry of Cyprus**, nearly half of all households in the country will have solar panels by 2030.
According to official data from Cyprus, the country's installed PV capacity has exceeded 350 MW, and a 72 MW PV park is planned to be built near the capital Nicosia, with an investment of more than 70 million euros. To address the shortage of PV energy storage facilities, Cyprus** has secured a €40 million grant from the "Just Transition to the EU**" for the construction of centralized energy storage facilities, which are planned to be managed by operators once completed.
In addition to photovoltaics, other types of renewable energy are also being developed in Cyprus. The country's largest wind farm, located in the mountainous region of Paphos in the southwest, is equipped with 41 wind turbines with an installed capacity of 82 megawatts, equivalent to 5% of the country's total power generation capacity. Cyprus has also jointly developed the country's first green hydrogen project with a German company, and in 2022 received €4.5 million in financial funding from the European Union for innovation**, which is expected to produce 150 tonnes of green hydrogen per year when completed. In 2023, Cyprus signed a joint declaration with eight EU member states in the Mediterranean region to promote the Mediterranean region as a European green energy hub and called on the European Commission to consider establishing a green energy interconnection corridor between countries rich in renewable energy resources in Europe and North Africa.
It is understood that Cyprus** is trying to establish an electricity interconnection network connecting Greece and Egypt, which is expected to be initially completed in 2027, when Cyprus can export renewable electricity to European and African countries, contributing to the energy transition of regional countries.