|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Bioenergy, Solar, Wind|
|Size of Plant Targeted:||Small and Large|
|Agency:||Cypriot power company (EAC); Special Fund for RES and Energy Efficiency on behalf of Ministry of Commerce, Industry and Tourism;|
|Funding:||The funding is divided between final consumers and the State and routed through the Special Fund for RES and Energy Efficiency|
|Renewable Energy Description:|
Feed-in premium scheme:
The scheme aims to incentivise renewable electricity generation through a premium tariff. The Cypriot power company (EAC) purchases every kWh of generated electricity from the plant operators at the market price. The Special Fund for RES and Energy Efficiency pays a bonus on top of the market price.
The amount of tariff depends on the electricity generation technology used and the eligibility period is 20 years.
Installations of on-grid PV (up to 150 kW) under this programme were capped at 25.45 MW and for wind power at 10 MW.
Applications to benefit from the programme closed on 31 October 2012.
Feed-in premium & public tenders:
In addition SSRES 2012 also encouraged renewable electricity generation through tenders. The Special Fund for RES and Energy Efficiency invited tenders to allocate 50 MW of solar PV projects for the year 2012. Successful tenderers sign contracts with EAC, which purchases electricity from the plant operators at the market price. The Special Fund for RES and Energy Efficiency pays a bonus on top of the market price. The maximum possilbe tariff in the tenders was set at €0.21/kWh and the eligibility period for the agreement was 20 years.
The call for applications ended on 3 September 2012.
|Related policies:||Law on the Promotion of Renewable Energy and Energy Efficiency|
A. “Cyprus” relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Turkey recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of United Nations, Turkey shall preserve its position concerning the “Cyprus” issue.
B. The Republic of Cyprus is recognised by all members of the United Nations with the exception of Turkey. The information in this document relates to the area under the effective control of the Government of the Republic of Cyprus.
Last modified: Thu, 01 Aug 2013 17:09:55 CEST