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Renewable energy programmes a success, ministry says
January 20, 2022
The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful.
The main reasons cited for this assessment include the increased investment in this sector, as well as the increased penetration of renewable energy systems in the Cypriot market.
“First, the programmes attracted investment in the installation of large photovoltaic parks, since, until then, the focus was mainly on small home photovoltaic systems for self-consumption purposes, which, although very important, are not enough to achieve our goals for a green transition,” the ministry said on the investment aspect of the programmes, referencing the schemes that ran between 2017 and 2019.