Central Electricity Storage Systems Agreement to Reduce Photovoltaic Losses in Cyprus
A contract for the construction of a 120 MW central electricity storage system in Cyprus will be signed on June 23, aimed at minimizing electricity losses from photovoltaic systems. This initiative is expected to enhance the utilization of renewable energy, specifically improving contributions from solar power.
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On June 23, an agreement to establish a 120 MW central electricity storage system in Cyprus will be signed, significantly reducing electricity losses from photovoltaic systems. Energy Minister Michalis Damianos announced that the storage batteries are scheduled for delivery in January 2027, with installation planned over three months to ensure operational status by next summer.
The initiative aims to alleviate the challenges faced by household photovoltaic producers, where energy loss has reached between 50-100 MW in winter and up to 400 MW in summer. Additionally, the Cyprus Electricity Authority is investing 50 million euros into its own storage projects, which may further bolster energy efficiency.
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