RES fund to post a deficit
The Renewable Energy Sources (RES) Fund, financed by consumers through electricity bills, will post this year a deficit because of the power utility’s reduced revenues due to lower fuel prices. The government is considering plugging the hole by spreading the cost among consumers and RES operators. One scenario mulled by the Energy Ministry, would see […]
State-of-the-art solar park launched by the University of Cyprus
The University of Cyprus aims to become completely energy self-sufficient through two solar panel parks, rector Constantinos Christofides said during the launch of the ‘Phaethon’ photovoltaic park, made up by 1,645 solar panels, with an annual capacity of 632,000 kWh. The second solar park, to be named ‘Apollon’, which will have a 10 MW capability, […]