The Great Sea Interconnector (GSI) is a key energy project connecting Cyprus and Crete, ending Cyprus’s electricity isolation. It plays a crucial role in balancing supply and demand, stabilizing electricity prices, and ensuring Europe reaches its 45% renewable energy target by 2030, enhancing energy security and economic efficiency.
The Great Sea Interconnector project in Cyprus is set to revolutionize the country’s energy landscape without burdening consumers with upfront costs. The decision by the Cyprus government to delay passing on expenses until completion emphasizes the longterm benefits of renewable energy and enhanced energy security.
During a recent heatwave, Cyprus managed a surge in energy demand by relying on renewable sources. Photovoltaic systems delivered 500MW and wind energy added 10MW, accounting for 48% of peak electricity, ensuring a stable supply during extreme weather and showcasing the country’s commitment to sustainable energy practices.
Cyprus is energizing its future with a bold transition to renewable power, led by Energy Minister George Papanastasiou. Through strategic pillars like an LNG import terminal, optimized use of photovoltaics, and an innovative battery storage system, Cyprus is paving the way towards a greener and more sustainable energy landscape. The nation’s plans to interconnect its grid with Greece and invest in smarter, more efficient infrastructure are poised to revolutionize its energy sector, setting the stage for a more resilient and environmentally conscious future.
The delayed upgrades at the Dhekelia power station are raising concerns over rising consumer electricity costs and potential further price hikes. The aging infrastructure surpassing its life expectancy is adding financial burdens on consumers, with projected increases in electricity cuts if the upgrades continue to be postponed.
Cyprus is set to invest over €3 billion into sustainable projects by 2030, aligning with EU climate directives and targeting climate neutrality by 2050. Initiatives will focus on renewable energy, smart mobility, and job creation to meet ‘fit for 55’ emissions reduction goals and the European Green Deal.
The House energy committee has introduced forwardthinking legislative proposals to boost renewable energy adoption, including exemptions for RES installations from connection and usage fees for ten years, subsidies for indirect energy storage solutions like hydrogen, and support for farmers using photovoltaic systems for irrigation. These initiatives aim to accelerate the transition to renewable energy, address funding challenges, and empower sectors like agriculture to embrace sustainable practices, marking a significant step towards a greener, more innovative future.
Cyprus faces a daunting challenge with its high carbon emissions per capita, ranking second in the EU with 3.1 tonnes released annually. This highlights the urgent need for the island to shift towards sustainable energy sources to combat climate change and protect its delicate ecosystems.
The Cyprus Electricity Authority (EAC) has approved €45 million for energy infrastructure upgrades, including new substations, transformers, and a substation at Limassol port. These improvements aim to enhance power distribution and promote sustainable energy in Cyprus, marking a significant investment in the country’s energy sector.
The Electricity Authority of Cyprus (EAC) is investing €45 million to upgrade its power grid, including new substations and advanced transformers, to ensure a stable power supply and support renewable energy integration. This move aims to balance costs and enhance sustainability without burdening consumers.
