Proposal for Electricity Storage with Government Subsidy
October 8, 2024
Jonas Nicolaou proposes the installation of 800 MW energy storage systems from private solar parks, seeking a 60 million euro state subsidy. The aim is to cover approximately 45% of the investment costs, with a possibility for increased support for smaller parks. Around 40 companies are collaborating on this initiative, which aims to improve energy storage and reduce revenue cuts during low consumption periods. Some criticisms are directed at the announcement of storage systems by the Electricity Authority at the Dhekelia station.