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Early warning for Cyprus new energy storage plant

The Cyprus Department of the Environment has approved the construction and operation of a modern energy storage facility with a capacity of 59 MW and a storage capacity of 120 MWh in the Psevdás community in the Larnaca district. According to a report on StockWatch, Petrou revealed that an additional proposal is under review for. . Cyprus will establish its first large-scale electricity storage infrastructure within the next 16 months, Energy Minister George Papanastasiou announced at the Green Agenda Cyprus Summit in Nicosia on Monday. Cyprus Energy Regulatory Authority (CERA) announced the approval earlier this week (18 June) of three projects which will be owned and operated. . After much anticipation, the Cyprus Parliament unanimously passed a pivotal law enabling the storage of electrical energy. Government advances energy storage plans, market opening. [PDF Version]

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