Athinodorou Bros Public Company Ltd is the largest organization that specializes in the ready-mix concrete, quarry mining, recycling and solar energy production in Cyprus, with more than 30 years of industry leadership. Athinodorou & Poullas Investment and Properties Ltd, a member of Athinodorou Group, is the owner of “Athinodorou Energy”, which is a registered trade name for renewable energy related investments. Athinodorou Energy is the largest organization in the photovoltaic parks industry on the island.
Cyprus’ political climate is amongst the most stable in the E.U, and it forms a natural bridge between Europe and the Near East due to its geographical position. Cyprus benefits from the perfect climate for PV installations, since it enjoys more than 330 days of sunshine, placing it at number one in Europe for Optimum Solar Irradiation. This enables most fixed position PV Parks to produced more than 1730 kWh/kWp/year.
The “avoidance cost” is at 8.3 cents/kWh, but it is estimated to climb to 10.5 cents/kWh by the end of next year, since it is directly correlated with the global price for oil and natural gas.