|Policy status:||In Force|
|Date Ended:||2013 (Dec 13th)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Multi-Sectoral Policy|
|Enforcement:||Applicants must supply all the required licenses|
|Penalty:||If the applicant does not follow the policy and the technical requirements the PPA agreement and Subsidy Agreement may be revoked.|
The Plan aims to provide financial incentives in the form of government subsidy for investment in the production of electricity by utilizing wind, solar, biomass and biogas, which is released from landfill waste.
The plan covers investments for the purchase and installation of new equipment and materials.
All investments must be made by purchase and installation of new equipment and materials and involve mature technologies rather than technologies currently under research and development.
A subsidy will be granted in the form of public aid on the kWh generated which will be channelled to the transmission / distribution grid restrictions mentioned in the Important Notices. The form of of all public aid granted by the Scheme itself is environmental.
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.
year effective: 2012 (June)
Last modified: Thu, 01 Mar 2018 18:04:19 CET