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Min. Energy: Resources €591 million between 2021-2027 for green transition

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We are going through one of the most difficult periods in the energy sector, said George Papanastasiou

We are going through one of the most difficult periods in the energy sector, said the Minister of Energy, Trade and Industry Giorgos Papanastasiou this evening, while noting that for the programming period 2021-2027, the Ministry secured “European and national resources of approximately 591 million euros, which we use targeted for the purpose of accelerating the green transition and at the same time, practical support for households and businesses”.

In his greeting, on behalf of the President of the Republic, at the foundation stone laying ceremony of the privately owned photovoltaic park of the Municipality of Aradippou, the Minister stated that “the park, with a total capacity of 2.96 MW, is expected to cover part of the Municipality's electricity needs, reducing cost of the energy it consumes, but also at the same time leading Aradippou into a new era, that of the green transition”.

He added that “in addition to the benefits that the Municipality will reap, the operation of the photovoltaic park also contributes to the Government's effort to implement the green development model it has adopted and to create Green/Energy Communities, as well as to the achievement of the national energy goals we have set an implementation horizon of 2030”.

The Minister referred to Europe's energy and climate goals which, as he said, “are becoming more and more optimistic” and noted that “Cyprus is called upon to accelerate its efforts towards the green transition. For this purpose, together with the relevant Ministries, we are working intensively to finalize the revised National Energy and Climate Plan, which lists the existing and additional measures, with which Cyprus will achieve these ambitious goals” he said .

In 2022, he continued, 'the year for which we have the most recent official statistics, the share of energy from RES in the country's gross final consumption reached 19.4%, raising Cyprus to 16th place among the 27 member states of the Union. In heating/cooling, with a percentage of 41.6%, Cyprus was ranked 8th among the 27 member states”.

He described “particularly difficult for the energy sector of Cyprus, the penetration of RES in electricity” and noted that “the percentage of RES in electricity reached only 17%, ranking Cyprus in 23rd place among the countries of the European Union”.

He also said that for the programming period 2021-2027, the Ministry secured “European and national resources amounting to approximately 591 million euros, which we use targeted for the purposes of accelerating the green transition and at the same time, practical support for households and businesses. In this context, the One-Stop-Shop for RES and energy storage projects has been established and is already operating under the Ministry's Business Facilitation Unit”.

Among other things, said Mr. Papanastasiou, “we use the specific funds for the expansion, upgrade and digitization of the networks, the creation of energy storage infrastructures, the operation of the competitive electricity market, the electrical interconnection with Israel and Greece, as well as the implementation of Grant Schemes for energy efficiency measures and RES use in homes, businesses, transport and Local Government”.

Regarding the creation of energy storage infrastructure, he continued, “the Ministry has secured 40 million euros, which it will allocate for the installation of energy storage systems. Storage systems can help to solve problems observed in the smooth operation of the grid, from the intermittent production of energy from RES, to the limitation of cuts of electricity produced by Renewable Sources and to their further penetration in power generation” he noted.

He also mentioned that “the Ministry put in a public consultation, which ends on June 14, the framework of the Grant Scheme for the installation of hybrid storage systems in combination with RES projects”.

“The announcement of the Plan for the submission of applications is expected to take place in the autumn”, he said, while the draft Regulatory Decision for the promotion and facilitation of the development of Energy Communities and RES Communities is in public consultation by CERA, with June 14 is the date of completion of the consultation.

He also characterized the period we are going through “one of the most difficult in the energy sector, since we have the environmental challenge, with the consequences of climate change, which requires the urgent transition to cleaner forms of energy and the minimization of the environmental footprint of human-made activities. Also in the midst of socio-political unrest and war conflicts, we have the challenge of ensuring energy sufficiency, at a cost affordable to households and businesses,” he said.

In order for our country to achieve the intended sustainable development, noted the Minister of Energy “a lot still needs to be done. We, all the involved bodies of the public and private sector and of the Local Government, must work in coordination in order to implement our commitments based on the Paris Agreement and the European Green Agreement,” he concluded.

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Source: www.kathimerini.com.cy

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