The Cyprus Energy Regulatory Authority (CERA) has approved a license for the Cyprus Electricity Authority (CEA) to install a commercial energy storage system. The decision authorizes the installation of a system with a maximum output power of 40MW and a storage capacity of 160MWh.
The energy storage system will be located in Dekelia, Larnaca district, on plot 88, section 6 of the P/Sh. -/2-268-372. The license is valid for five years and will be issued within 45 days, including all relevant terms and conditions.
CERA’s decision was made in accordance with article 26 of the Electricity Market Regulation Laws of 2021 to 2023 and follows the criteria outlined in article 30. The license and its conditions will be communicated to the Cyprus Electricity Authority and published on the CERA website.
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