Renewable Energy Sources (RES) constituted 8.7 per cent of the energy market in Cyprus in 2014, ahead of the 2015-2016 target set by the relevant European Directive of 7.45 per cent, it emerged on Wednesday.
The national target for RES share is 13 per cent by 2020.
At a news conference to launch the 11th ‘SAVENERGY exhibition taking place between September 18 -20, organisers stressed the need to use alternative energy sources.
Deputy Director of the Energy Department at the Ministry of Energy Constantinos Xicheilos in his address said the state’s strategy was based on three main pillars, the use of Renewable Energy Sources, energy saving and the use of natural gas for the needs of the internal market.
According to Xicheilos, Cyprus today operates six wind parks with a total installed capacity of 157.5 MW, a large number of small and large photovoltaic systems, with a total installed capacity of 71 MW, as well as 10 plants of Biomass of total capacity of 10.7 MW.
He added that the ministry, in cooperation with energy regulator CERA, promotes net metering projects for the housing sector and self-production for businesses, which will continue to operate in the coming years.
He said that on August 4, the maximum demand for electricity in Cyprus was 1013MW, and that RES had contributed a total of 90MW of which 50MW came from photovoltaic systems.
He also referred to the various projects and plans the ministry was promoting for energy savings for households and businesses, co-financed by EU Structural Funds.
Deputy Director General of Electricity Authority Antonis Patsalis in his speech said that the EAC was promoting activities which were aimed at increasing energy awareness among consumers. According to Patsalis, during the SAVENERGY exhibition, the EAC will present three new schemes, namely Service e-charge, research SmartPV work and the web app for Energy Saving Social Electricity.
Director General of Cyprus Employers and Industrialists Federation (OEB) Michalis Pilikos said that SAVENERGY had established itself as the most important trade event in Cyprus dealing with the promotion of products and services for energy saving purposes. He referred to the various government schemes which promote the investment of technologies in renewable energy sources. He added that the funding can sometimes reach 75 per cent of the investment.
Pilikos also said that during the exhibition various products and services would be presented which would include integrated energy upgrade buildings proposals, heating and cooling systems with the use of RES – photovoltaic and wind systems, solar, and thermal insulation materials.
Along with SAVENERGY 2015 OEB is organising the 8th ENVIROTEC exhibition, which aims to promote and advertise products and services that protect the environment or save and improve water quality.
During the two exhibitions, awards will be given to households and industries for energy conservation.
The two exhibitions will be held at the state fair grounds in Nicosia. (CNA)
Opening hours Septemmber 18-20: Friday 4pm-10pm, Saturday 3pm-10pm and Sunday 12 noon to 10pm