Easy Power, yesterday presented their plans for the construction of a photovoltaic (PV) park and a concentrated solar power station, which could more than quadruple Cyprus’ current installed solar energy capacity. As of last year, there was a total of 10.5MW of installed PV comprising hundreds of smaller units of various sizes.
What Easy Power wants to do “is the biggest work of its kind ever submitted for approval in Cyprus,” said its general manager Pavlos Liasidis.
However, Easy Power is not asking for state funding and wants to bypass the usual procedures necessary for projects which get subsidised by the tax payer. Currently, all consumers contribute to a Renewable Energy Sources (RES) fund by way of a special levy on electricity bills.
Proceeds go to the fund and help support a subsidy scheme whereby people set up RES systems and sell the electricity produced to the Electricity Authority of Cyprus (EAC) at a higher profit than what the EAC makes selling electricity to its customers… Read more