How many energy storage applications have been approved in Cyprus?
The Cyprus Energy Regulatory Authority (CERA) representatives reported establishing a regulatory framework for energy storage in , followed by market rules approval in . The Cyprus Transmission System Operator has received 13 storage applications totaling 224 megawatts capacity, with eight applications processed and five under review.
Why does Cyprus waste so much energy?
AKEL MP Costas Costa characterised Cyprus as “the only country in the world where thousands of megawatt-hours go unused due to lack of centralised green energy storage systems,” adding: “During the day we waste megawatt-hours because we lack storage, and at night we are one step away from blackouts.”
Are there investment opportunities in North Cyprus?
There is a huge potential for Investment Opportunities in North Cyprus. Have a look to see how you can be involved in our Growing Economy. If you're passionate about golf, explore our exclusive Golf Property section to discover what's available near the prestigious Korineum Golf & Beach Resort in North Cyprus.
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