Finance ministry may tax RES producers who earned ‘windfall profits’
The finance ministry said on Thursday it may tax RES producers found to have earned windfall profits as a result of the high tariffs paid to them.
In a statement, ...
Commission sends reasoned opinions to Cyprus on pollutants, RES
The European Commission has sent four reasoned opinions to Cyprus, one step before the case could be referred to the Court of Justice of the European Union.
In its infringement ...
EU plans one-year renewable energy permits for faster green shift
By Kate Abnett
The European Union executive wants to speed up the bloc’s green transition and cut its reliance on Russian fuels by allowing some renewable energy projects to ...
President highlights ‘meaningful progress’ in energy diversification
President Nicos Anastasiades said on Monday that Cyprus’ energy strategy is focused on establishing a competitive internal electricity market, the creation of a natural gas market and further diversification of ...
RES accounted for over 35% of total heating energy in 2020
Renewable energy accounted for 37.1 per cent of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97 per cent ...
Natural gas is a fossil fuel, but the EU will count it as a green investment
By Shashi Kant Yadav
The European Commission has decided that power plants burning natural gas can be considered generators of green energy. This means they can count as sustainable investments ...
Cyprus still lagging behind in RES use in transport
Cyprus recorded the third biggest increase in share of renewable energy used in transport but was still ranked sixth from the bottom in the EU 27.
Figures published by Eurostat show ...
Consumption of electricity from RES increased but percentage still low
In 2020, renewable energy sources (RES) made up 37 per cent of gross electricity consumption in the EU, up from 34 per cent in 2019, according to data released by Eurostat, the statistical office ...
Cyprus second last for RES electricity use in EU
Cyprus ranked second from the bottom in the EU 27 for the use of renewable energy for electricity consumption in 2020 according to figures issued by Eurostat on Wednesday.
It shared this ...
Bills approved to speed up green transition
The cabinet on Wednesday approved three bills aimed at a faster transition to the green economy, Energy Minister Natasa Pilides announced.
Speaking after the meeting, Pilides said the bills provide ...
Private sector to lead roll out of green hydrogen
By Kiriaki Demetriou
The private sector is set to lead the roll out of green hydrogen by investing in its production so that it can be used in the sectors ...
EAC bills higher only because 2020 prices were ‘historically low’
Costlier fuel internationally after the historic lows of 2020 is pushing up electricity prices, with consumers facing a 38 per cent increase in their August bills compared to the same month last ...
Energy efficiency: the forgotten necessity
By Charalampos Theopemptou
When politicians in Cyprus talk about energy policy they usually refer to gas and only gas.
Focusing just on gas is by no means an energy policy. ...
Coronavirus: Innovation, energy, investment the way out of crisis says president
The government aims to help the economic sectors stricken by the pandemic but also to invest in alternative areas with emphasis on the relocation of companies to Cyprus, research and ...