The first photovoltaic park in Cyprus

The first solar park was inaugurated, during an official ceremony in Nisou, in the outskirts of Nicosia, includes five solar plants and when all are on stream, they will account for 12 per cent of the country's solar energy production.

It is a 1.5 MW solar power plant which sent its first electricity into the national grid in the presence of the Minister of Energy, Giorgos Lakkotrypis and EBRD Managing Director for Energy and National Resources, Nandita Parshad.

The unveiled solar power generator was built jointly by CYPV Energy Ltd, which has in total built three EBRD-financed solar generators, including a 1.5 MW plant in Dhali and a 4.4 MW plant in Frenaros, Cyprus' largest to date. Dimitri Morozov from CYPV Holdings Ltd said that thee solar energy projects were a result of excellent cooperation between all parties.

Also, two other solar plants, financed by the EBRD under the same project.

They will increase existing photovoltaic capacity in Cyprus by 12 per cent, bringing the total of renewables in the country's energy mix to about 9 per cent and contributing to its Paris climate talks (COP21) commitment to reduce greenhouse gas emissions by 40 per cent by 2030 compared with the 1990 level.