• Net Metering and Self-Consumption Solar PV Market Development in Cyprus

    Cyprus Net Metering small

    /26th March 2018, RENEWABLE MARKET WATCHTM/ Cyprus is located at the Eastern Basin of the Mediterranean Sea with a subtropical climate. With an area of 9,251 km² and coordinates at 35°N and 33°E, Cyprus lies at the crossroads of Europe, Africa and Asia at the crux of the busy shipping and air routes linking the three continents. The solar irradiation in Cyprus is one of the highest in Europe with more than 320 days of the year considered sunny. Meteorological measurements showed that the annual solar irradiation is approximately 2,002 kWh/m² with a standard deviation of 32 kWh/m². According to Photovoltaic Geographical Information System (PVGIS), measurements taken from crystalline PV systems with inverter efficiency 96 %, showed an average annual yield of 1,672 kWh/kWp. The rapid decline on solar PV  technology costs, the attractive efficiency increase on  PV  modules available for the residential sector and European Parliament public policies on energy to address the climate change issue have substantially increased the number of consumers that have decided to start producing energy under net metering and self-consumption solar support schemes in Cyprus.

  • RECOM Grabs 20MW of Solar Photovoltaic (PV) Projects in Cyprus

    /28th August 2019, RENEWABLE MARKET WATCHTM/ RECOM, has secured, through tenders, 20MW of solar projects out of 35MW offered in Cyprus, which are planned to be installed during 2019, reported the Renewable Market Watch™. The first big project of 4.5MW in Pissouri is already under construction. Also, another two projects of 4MW have been agreed upon through the feed-in-tariff financing. For RECOM, the aforementioned projects' acquisition is a milestone in their Cyprus activities which contributes to the country’s smooth transition to solar energy.

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