Support Scheme for Electricity Generation from Renewables (SSRES)
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.
- The tariffs for on-grid PV installations were set at €0.25/kWh,
- for biogas at €0.1145/kwh,
- for biomass at €0.135/kWh and for
- wind energy installations (above 30kW) at €0.166/kWh.
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 possible 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.