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Cyprus Energy

Former US Secretary of State Albright in Cyprus for RES talks  

Madeleine Albright with Agriculture Minster Nicos Kouyialis

The US is showing keen interest in investing in renewable energy sources (RES) in Cyprus, Agriculture Minister Nikos Kouyialis said on Wednesday following a meeting with former US Secretary of State Madeleine Albright in Nicosia.

Albright, 79, who following her retirement, is working with investment companies, is currently in Cyprus to exchange views on investments in renewable energy and specifically on two solar thermal parks which are to be constructed on the island.

Kouyialis said that Cyprus supports the construction of such power plants based on renewable sources. He added that the two large solar thermal projects, would also help Cyprus meet its obligations to the EU regarding the reduction of greenhouse emissions and increase the introduction of renewable energy sources in the economy by 2020.
The minister, who is travelling to New York on Friday to sign, along with other global leaders, the Paris Climate Agreement reached last December, said thermal parks are associated with the specific agreement.

“From there other obligations arise for the coming years as until 2050 we have to get to a point where there will be a balance as regards the emission of greenhouse gases. All state services work very hard toward that direction,” Kouyialis said.

He added that Albright’s visit and mainly its purpose “is very positive for Cyprus”.

Investments will be made by US investment funds that support these projects and the companies that will build them, he said. Kouyialis added that Albright expressed interest in constructing one of the solar thermal parks along with a Swedish company.

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