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Cyprus Boosts Renewables with €35M Battery Storage Plan

10/2/2025

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Summary

Cyprus Boosts Renewables

Cyprus will deploy 150 MW/350 MWh battery storage with solar, backed by €35 million EU funding.
Cyprus targets 22.9% renewables by 2030, while 2023 oil made up 85% of energy.
Early 2025 saw 58% of potential renewable electricity curtailed, citing infrastructure limits.
Spain: renewables now cover 19% of electricity time (down from 75% in 2019); Masdar buys 446 MW.

Summary

Europe Embraces Renewables

In Q2 2025, renewables reached 54% of EU electricity, up from 52.7% in Q2 2024.
Solar energy led growth with 122,317 GWh (19.9%), aided by favorable weather.
In June 2025, solar surpassed nuclear for the first time, at 22% vs 21.6%.
Denmark led 94.7% renewables, Latvia 93.4%, and Austria 91.8%.
Luxembourg and Belgium rose 13.5 and 9.1 percentage points.

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Cyprus Boosts Renewables

Cyprus will deploy 150 MW/350 MWh battery storage with solar, backed by €35 million EU funding.
Cyprus targets 22.9% renewables by 2030, while 2023 oil made up 85% of energy.
Early 2025 saw 58% of potential renewable electricity curtailed, citing infrastructure limits.
Spain: renewables now cover 19% of electricity time (down from 75% in 2019); Masdar buys 446 MW.

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