Renewables

Cyprus agrees construction of 50 MW concentrated solar power plant

Cyprus 50 MW concentrated solar power plant

Photo: EOS Green Energy Project

Published

July 31, 2020

Country

Comments

0

Share

Published:

July 31, 2020

Country:

Comments:

0

Share

A concentrated solar power system may become operational already next year, as the agreement with the government of Cyprus was signed after all permits have been secured. Alfa Mediterranean is about to build the 50 MW solar power plant using Australian tech.

Following years of delays, Alfa Mediterranean Enterprises finally signed the contract with the government to build its CY CSPc EOS Green Energy project. The first concentrated solar power (CSP) plant of 50 MW in Cyprus will be installed in Alassa near Limassol.

Minister of Agriculture, Rural Development and the Environment Kostas Kadis said the works are estimated at EUR 200 million. The plant will contribute significantly to the local economy and help the republic achieve its climate goals at no cost to the taxpayer, in his words.

Cyprus construction 50 MW concentrated solar power plant
Photo: Kostas Kadis (pictured left) and Neofytos Neofytou (Ministry of Agriculture, Rural Development and the Environment)

The parliament only approved the EUR 60.2 million state guarantee after the investor secured a bank guarantee. Alfa Mediterranean, a property developer, is registered in Paphos.

EIB backed CY CSPc EOS Green Energy

The European Investment Bank is financing the concentrated solar power plant in Cyprus. It agreed to provide a EUR 36.1 million advance. The project is backed by the European Union’s NER300 program for innovative technologies in the sector.

As all permits have already been obtained, the construction can start immediately and the facility could become operational next year. It will become a model project, not only in Cyprus but also internationally, Kadis said.

Cyprus 50 MW concentrated solar power
Photo: EOS Green Energy Project

He earlier asserted that the CSP endeavor will enable Cyprus to pay less for European carbon allowances. They are essentially a fine, the minister said.

“The technology we will use is the be-all and end-all to replace fossil fuels, reduce environmental pollution and protect people,” Neofytou stressed. He asked Kadis and the environment ministry for help in submitting proposals at future tenders across Europe.

EuroAsia Interconnector

Alfa Mediterranean has revealed plans to export electricity to continental Europe via the EuroAsia Interconnector. The undersea cable project is under development, with the goal to link the Israeli and European grids.

The building permit for Siemens’s HVDC (high voltage direct current) converter station in Cyprus has just been obtained. The interconnector of 1 GW, which should end in Greece, is valued at EUR 2.5 billion. The trilateral project is scheduled to be finished by December 2023. Another power link is under development within the EuroAfrica Interconnector.

Solar thermal technology

CY CSPc EOS Green Energy is also a solar thermal project. The technology for storing heat is much cheaper than batteries.

The concentrated solar power plant in Cyprus will have three hundred solar thermal receivers (STRs). Rotating heliostats, essentially mirrors, will reflect sunlight toward the stations mounted on towers with graphite thermal storage, where the temperature can climb to as much as 800 degrees Celsius. The energy from the storage units can be used during the night.

Australian company Solastor developed the system, which features a superheated steam cycle. Heat is transferred to a turbine on the ground.  The plant’s estimated annual production is 172 GWh, equivalent to the electricity consumption of 65,000 homes.

Energy policy

The project has been repeatedly postponed as Cyprus lacked a support system for renewables and its energy market is yet to be completed. Since power prices can’t be determined, financial institutions were reluctant to fund projects.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

epcg gvozd 2024.

EPCG secures financing for Gvozd wind farm

03 October 2022 - EPCG is blaming the pandemic for the delay in the implementation of the 54.6 MW Gvozd wind farm project, Vijesti reported

CE Oltenia OMV Petrom four PV plants JVs

CE Oltenia, OMV Petrom to build four PV plants through JVs

03 October 2022 - OMV Petrom and CE Oltenia agreed to build four solar parks with a combined capacity of 450 MW at former coal mining locations in Romania

solar wind investments EU price cap

Wind, solar investors threaten to leave Europe because of revenue cap

03 October 2022 - The EU's wind and solar industries are threatening investments could go elsewhere after EU energy ministers voted to roll out revenue caps

Albania subsidize solar thermal collectors households up to 70

Albania to subsidize solar thermal collectors for households with up to 70%

03 October 2022 - Albania is conducting a program for the installation of solar thermal collectors for households, where it will cover 70% of the expenses