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The European Green Deal | Covid-19 | - The Integrated National Energy And Climate Plan Of Cyprus - Energy and Natural Resources

The European Green Deal | Covid-19 | - The Integrated National Energy And Climate Plan Of Cyprus - Energy and Natural Resources
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Glasgow City , United Kingdom , France General , Frans Timmermans , European Council , Council Of Ministers , Renewable Energy Resources , Environment Agency , Electricity Authority Of Cyprus , Cyprus University Of Technology , European Union Eurostat , European Union , European Environment Agency , Research Area , European Union Members , European Bank , European Investment Bank , Industrialists Federation , Just Transition Fund , National Energy , European Commission , Investment Bank , Electronics Initiative , European Green Deal , Green Deal , European Climate Law ,

Supporting the green economy transition in Cyprus

Supporting the green economy transition in Cyprus
29 Apr 2016
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The transmission and distribution systems of Cyprus are disconnected from the rest of Europe and the country generates as much electricity as it needs for consumption. In 2015, Cyprus generated 94 per cent of its electricity from oil, all of which was imported. Renewable energy sources accounted for just over 6 per cent of total power generation, of which about 65 per cent came from wind power, 10 per cent from biomass and 25 per cent from photovoltaic systems.
In line with the EU’s 20-20-20 target, Cyprus aimed to increase the renewables share of total electricity production to 16 per cent and further diversify its energy mix, as it currently (2021) relies on oil for 90 per cent of its energy supply. Cyprus has particularly strong potential for solar power generation, with solar irradiation on the island among the highest in Europe. However, due to the severe credit constraints th ....

European Union , European Bank , Electricity Authority Of Cyprus , European Investment Bank , Cyprus Energy Regulatory Authority , Electricity Authority , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய வங்கி , மின்சாரம் அதிகாரம் ஆஃப் சைப்ரஸ் , ஐரோப்பிய முதலீடு வங்கி , சைப்ரஸ் ஆற்றல் ஒழுங்குமுறை அதிகாரம் , மின்சாரம் அதிகாரம் ,

Cyprus: EIB backs 160 MW Vasilikos power plant to support Cypriot energy transition

Cyprus: EIB backs 160 MW Vasilikos power plant to support Cypriot energy transition
18 December 2020
New plant strengthens security of energy and replaces heavy fuel oil
The European Investment Bank has agreed to support construction of a new power plant at Vasilikos in Cyprus by the Electricity Authority of Cyprus.
The new 160 MW CCGT Vasilikos power plant will enable a shift away from fossil fuels, reduce greenhouse gas emissions and other forms of air pollution.
“The important contribution of the new Vasilikos power plant to enable Cyprus to be powered by cleaner energy has been recognised by the EIB’s latest financing to the Electricity Authority of Cyprus. The new long-term EIB loan shows how the EU Bank supports transformational investment in this country.” said Professor Michalis Komodromos, Chairman of the Electricity Authority of Cyprus. ....

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EIB agrees to support construction of new power plant in Cyprus

EIB agrees to support construction of new power plant in Cyprus
The new 160 MW CCGT Vasilikos power plant will enable a shift away from fossil fuels, reduce greenhouse gas emissions and other forms of air pollution.EIB | Updated: 18-12-2020 19:53 IST | Created: 18-12-2020 19:53 IST
The EIB will provide a EUR 76 million 15 year loan to finance construction and connection of the new EUR 152m plant at Vasilikos on the southern coast of Cyprus, alongside an existing energy generation facility and industrial site. Image Credit: Pixabay
The European Investment Bank has agreed to support the construction of a new power plant at Vasilikos in Cyprus by the Electricity Authority of Cyprus. ....

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