Cyprus will install its first large-scale energy storage system within 16 months to integrate renewables, stabilize the grid, and reduce electricity prices.
The government plans to complete a new energy storage system, along with storage installations at two Electricity Authority of Cyprus (EAC) power plants, by June 2026,
This involves expanding the cost-effective availability of renewable energy in alignment with the REPowerEU Plan. The measure also aims to bolster existing renewable energy projects to
These wind, solar, storage, hydro and bioenergy projects will deliver billions of dollars in capital investment and hugely increase Australia''s renewable energy generation and storage capacity.
An EIA has been submitted for a renewable energy project combining solar PV and energy storage on the Mediterranean island nation of Cyprus.
MISO''s 2025 summer capacity auction cleared at $666/MW-day. Learn how the new demand curve, tight margins, and renewables reshaped pricing and planning risks.
The scheme has a competitive character, offering EUR 35 million ($36 million) for the purchase and installation of energy storage units alongside existing solar PV, wind, and biomass power plants.
Updated: Six new big battery projects named as winners of the federal government''s first auction under the Capacity Investment Scheme.
Cyprus will install its first large-scale energy storage system within 16 months to integrate renewables, stabilize the grid, and reduce electricity prices.
Plans for large-scale battery energy storage in Cyprus are progressing, with the first projects expected to launch in 2026. The initiative aims to capture surplus renewable energy, which is currently lost due to low
The ambitious initiative, scheduled for implementation between 2026 and 2030, will see the installation of battery storage infrastructure with a total capacity of 160 megawatts,
The ETYFA natural gas project, which was delayed, is now expected to be completed by early 2026, helping to reduce electricity prices. Meanwhile, about 15% of
The company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like a first-in-the-nation
Successful bids ranged between EUR 0.0469/kWh and EUR 0.0518/kWh, while the volume-weighted average was EUR 0.0503/kWh. The innovation tender allowed hybrid
CanREA represents Canada''s leading wind, solar and energy storage companies, working to build a more reliable, affordable and sustainable electricity system for
Other international CSP projects continue to move forward including the Noor Energy 1 project in UAE, the Redstone project in South Africa, and the Minos project in
The Taean Wind Power project, a fixed-bottom offshore wind project with a planned capacity of 500 MW, is targeting to commence construction in the second half of 2026, with commercial operations anticipated by late 2029.
Clean power: For the purposes of this report, clean power includes land-based wind, ofshore wind, utility-scale solar, and battery storage technology.
MISO''s 2025 summer capacity auction cleared at $666/MW-day. Learn how the new demand curve, tight margins, and renewables reshaped pricing and planning risks.
The successful bids include one solar project, one wind project, two lithium-ion battery energy storage system projects, and one advanced-compressed air energy storage system.
Chinese PV inverter and battery storage maker Sungrow has been contracted to deliver a 264-MWh liquid-cooled energy storage solution for a wind-solar-storage integrated virtual power plant (VPP) project in South Africa.
In a move set to transform the country''s energy landscape, the Cyprus Energy Regulatory Authority (CERA) has greenlit the development of three state-owned battery
U.S. developers installed 10.2 GW of clean power in Q3 Developers brought 10,194 MW of utility-scale solar, wind, and energy storage projects online in the third quarter of 2024, up 78% from
The successful projects will provide power from 2026 onwards and will bolster the UK''s energy independence, helping to protect families and businesses from global gas price shocks.
GEA-4 aims to accelerate the country''s renewable energy transition through new capacity from ground-mounted solar, roof-mounted solar, floating solar and onshore wind projects. The DOE is auctioning 2,372 MW of
Successful developers will get 20-year supply contracts with the government for projects in Luzon, Visayas and Mindanao, with commercial operation dates in 2026, 2027, 2028 and 2029.
Both Energy and ancillary prices came down substantially in ERCOT. Introduction of ECRS put pressure on the level of operational reserves in 2023, pushing all prices higher.
Definitions Advanced development: Projects not under construction, but with a PPA, firm equipment order, or moving forward with plans to be placed under utility ownership as of the
Global average contract prices from government-led auctions continued to decline for PV this year thanks to low bids in India and the Middle East, while onshore wind contract prices increased
Bidders are required to submit tender documents outlining their proposed approach to the project, including logistics, technical design, company structure, examples, and references from previous projects, as well as cost.
The project will feature 403MW of solar PV and 688MWh of energy storage and is expected to be operational in the second half of 2026.
The Cyprus Energy Regulatory Authority (CERA) representatives reported establishing a regulatory framework for energy storage in 2019, followed by market rules approval in 2021. The Cyprus Transmission System Operator has received 13 storage applications totaling 224 megawatts capacity, with eight applications processed and five under review.
AKEL MP Costas Costa characterised Cyprus as “the only country in the world where thousands of megawatt-hours go unused due to lack of centralised green energy storage systems,” adding: “During the day we waste megawatt-hours because we lack storage, and at night we are one step away from blackouts.”
Renewable Energy Association President Fanos Karantonis advocated for hydrogen storage technology investment, noting significant European Union funding in this direction, while the Cyprus Biogas Association highlighted that existing storage schemes focus exclusively on battery technology.
