Why invest in Solar Energy?
Why Solar Energy
Solar power in Cyprus is more available than in almost all of the rest of Europe.
Solar power generation is now economically viable in markets not typically characterised by high levels of irradiation, such as Cyprus.
However, in 2020 only 5.8% of the total electricity power was generated by photovoltaics. The target of solar power generation, including both photovoltaics and concentrated solar power is 2,000MW by 2030 (10-fold increase compared to 2022) and 5,000MW by 2050.
- Unlimited Energy Source: More solar energy reaches the earth in 1 hour than the total being used by the global population in a year
- Proven and cost-effective technology: Consistent, round the year solar irradiation captured with long lasting equipment (25-40 years), which have low operating and maintenance costs.
- Climate change solution: Solar energy is key to achieving CO2 emission reduction targets through the generation of clean electricity.
