Cyprus distributed energy storage subsidies

Cyprus’ Ministry of Energy, Commerce and Industry has launched a subsidy scheme for energy storage systems paired with existing renewable energy plants. Eligible projects will be remunerated by feed-in tariffs (FiTs) or net billing systems. From ESS News [pdf]

How much does it cost to invest in a Cyprus energy storage project

The scheme has a competitive character, offering EUR 35 million ($36 million) for the purchase and installation of energy storage units alongside existing PV, wind and biomass power plants. [pdf]

Northern Cyprus promotes new energy storage

The Minister said that the Electricity Authority of Cyprus (EAC) has already applied to install storage units at its generation facilities in Dekeleia and Moni, and it is expected that storage infrastructure would be operational within 16 months, which will significantly reduce power curtailment and stabilise the grid. [pdf]