1,5 MW completed on the 8/5/2015. Fixed feed in tariff of 9.9 cents/kWh, with an EAC (Electricity Authority of Cyprus) contract subsidised and guaranteed by the government for 20 years. Permits by CERA (Cyprus Energy Regulatory Authority) for 30 years.
Total planning permits for 6,5 MW. This allows the potential for an immediate development of an additional park of 1.5 MW, and a later development of a 3 MW park, selling the energy produced at “the avoidance cost of EAC”, currently at 8.3 cents/kWh.