327 MW of renewable energy set to transform Cyprus’ power sector

Cyprus is set to launch its competitive electricity market on 1 October 2025, a major step in the country’s energy transition. Around 327 megawatts of renewable energy capacity will be available for trading, representing roughly one-third of average energy demand after excluding household photovoltaic systems and existing private producers already contracted with the Electricity Authority of Cyprus.

The private sector has invested over €800 million in renewable energy projects, bringing total renewable production capacity in Cyprus to about 1,075 megawatts. Fourteen applicants are close to completing procedures to join the competitive market, with eight expected to operate as suppliers, five as renewable energy aggregation representatives, two as producers, and three as renewable energy producers.

Although the designated capacity is 327 megawatts, the actual renewable energy supplied to the market is expected to be lower at first. The launch marks a significant milestone for Cyprus, positioning the country for further investment in renewable energy while supporting its long-term energy and sustainability goals.