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Nicosia energy storage conditions

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Nicosia energy storage conditions [PDF]

5 FAQs about [Nicosia energy storage conditions]

How many energy storage units are there in Cyprus?

There are a small number of pilot energy storage units operating in Cyprus. These include an 84 kWh battery unit, manufactured by German company Autarsys and installed by a local partner in the suburbs of the capital city Nicosia.

How many MW of PV is installed in Cyprus?

Cyprus Energy Regulatory Authority (CERA) Chairman Andreas Poullikkas said that the country has installed 335 MW of PV capacity. Of this, Poullikkas added, about 100 MW are net metering and net billing systems. Cyprus has installed about 77 MW of PV capacity supported by government set FITs.

How much does electricity cost in Cyprus?

However, all data contradicts Pilides’ argument. Specifically, Cyprus’ PV tender in January 2013 led to an average tender price of €0.0866/kWh. Today, almost a decade later, the EAC avoidance cost which reflects the cost of generating power through conventional power stations, has climbed up to €0.192/kWh.

Does Cyprus have a competitive electricity market?

Cyprus does not have a competitive electricity market at present, but when the country implements a competitive market design, these projects will no longer be remunerated via the “avoidance cost” and will instead need to participate in the market. Cyprus has fostered PV via various remuneration schemes.

How does PV work in Cyprus?

Cyprus has fostered PV via various remuneration schemes. Ground mounted projects typically comprise solar farms supported either by government set feed-in tariffs (FITs) or a tariff set via competitive tender. Rooftop PV in Cyprus is generally installed under either net metering or net billing systems.

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