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- Ελληνικά
The Ministry of Energy, Trade and Industry announces the General Policy Framework for Energy Storage Systems, as well as the holding of a Public Consultation for the preparation and implementation of the Support Plan for the construction and operation of Energy Storage facilities in combination with Renewable Energy Sources projects (hybrid installations).
A. General Policy Framework
- Implementation of a Support Plan for Renewable Energy Sources (RES) projects with Energy Storage (the basic principles of the Plan are described in Part B), which is subject to public consultation. The budget of the Plan will range from €10 million to €40 million,
- In parallel and in cooperation with all relevant stakeholders, the installation of centralised Energy Storage systems by the State, owned by the Cyprus Electricity Authority (Network Business Unit) and operated by the Cyprus Transmission System Operator, will be promoted, after obtaining the relevant approval of the European Commission. The total amount allocated for these systems will be at least €40 million. The completion of the project, once all necessary approvals have been obtained, is expected to take place within a period of 18 to 24 months for battery systems, while if other storage technology is chosen, the implementation time is expected to be longer than 24 months.
B. Launch of Public Consultation for the preparation of an Aid Plan for hybrid systems (RES with storage)
The Ministry of Energy, Trade, and Industry, in the context of preparing an Aid Plan for the construction and operation of energy storage facilities in combination with Renewable Energy Sources projects (hybrid installations), which is expected to be financed by national funds such as the RES and EE Fund.E and revenues from the auctioning of the pollutants, and/or European funds, such as from the Fair Transition Fund, informs the interested parties that it is holding a Public Consultation in order to:
- collect suggestions and proposals on the basis of the framework for the formulation and implementation of the Incentive Plan,
- better prepare and inform the investors who will participate in the said Plan.
The main objectives of the Plan are:
- To achieve the energy and/or environmental objectives set by the Republic of Cyprus.
- To reduce the cost of electricity generation.
- The reduction of energy cuts from renewable sources, taking into account the need to integrate more renewable energy projects.
- The reduction of carbon dioxide (CO2) emissions.
- The strengthening of the electricity sufficiency and energy supply of our country.
The first phase of the Public Consultation will last until 26/07/2023 at 23:59. For further information, interested parties can visit gpartasides@meci.gov.cy and energyservice@meci.gov.cy.
Please note that the final Draft will be submitted for approval by the State Aid Monitoring Office and/or the European Commission's Directorate General for Competition, in accordance with EU law (General Block Exemption Regulation (GER/GBER) and after the final public consultation.
General information:
[*]Contributions / proposals should be made on the content of ANNEX B (General Framework for the formulation and implementation of the aid scheme). [*]The total budget of the Support Scheme is estimated not to exceed €40 million. [*]The hybrid installations must be in operation by the end of 2027 at the latest. [*]For the purposes of this Consultation, the following documents are attached:
- ANNEX A - Comment Form.
- ANNEX B - General Preliminary Framework for an aid scheme for the construction and operation of energy storage facilities in combination with renewable energy projects.
- ANNEX C - Indicative Technical Characteristics of Storage Systems.
5. A dynamic list of questions and answers in relation to the provisions of the proposed Plan will be posted on the Energy Agency's website (www.energy.gov.cy).
(GA)
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