€500m needed for energy saving measures and RES

Some €500m in investments need to go towards saving energy and using renewable energy sources in Cyprus by 2019, while efforts to prepare a photovoltaic park in Akrotiri are moving ahead, it emerged on Monday.

During a press conference ahead of the 2018 Save Energy exhibition set to take place between March 16-18, Ioannis Economides, from the energy ministry said their estimates revealed that by the end of 2019, €150m in investments would be needed, for Cyprus’ energy plans, beyond those related to natural gas.

An additional €300m would be required for renewable energy, he said.

Meanwhile, spokeswoman for Cyprus’ Electricity Authority (EAC) Christina Papadopoulou said preparations were moving ahead for creating a photovoltaic park in Akrotiri.

Costing €22m, it would save 31,000tonnes of carbon dioxide and 3,000 tonnes of pollution which equate to €1m in savings, she said. The park would have a capacity of 20 megawatts.

More than 400 schools will also have photovoltaic systems installed with a capacity of four megawatts.

 

 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.