Contact us Menu ▼ 3 MW PV Park You are here: Home > Energy > 3 MW PV Park In order to reach the 2020 target of a total 192 MW capacity of installed photovoltaic, the Energy Service of the Cyprus Ministry of Commerce, Industry and Tourism has organized an online tender for the selection of 23 projects of various sizes photovoltaic parks totaling 50 MW. The tender drew a lot of interest from both Cypriot and foreign companies. Specifically, there were four different tenders for the different project sizes auctioned, which attracted 121 investors and 2,150 bids. Competition among the high number of participants, in combination with the last year’s overall fall in photovoltaic components' prices, led to an average tender price of €0.0866/kWh. Under the above scheme Waneron Enterprises Ltd, a subsidy of Cyfield-Nemesis group has selected by the Energy Service for the development of a 3 MW Photovoltaic Park with a tender price of €0.089/kWh. The Electricity Authority Cyprus (EAC) will buy the generated power from the project under a 20 years contract. The referred 3 MW Photovoltaic Park will be developed in a 50,000 m2 leased field located in Ayios Ioannis area in Nicosia. Latest polycrystalline technology photovoltaic modules will be used to provide the maximum yield of electric energy as well as proven electrical and other equipment including inverters, mounting systems etc. The above project will cause an approximate annual equivalent reduction of 3,889 tons of CO2 Emissions compared to the same amount of power produced by a conventional diesel oil Power Station. It is a project of great significance, which will contribute to the Cyprus set targets of achieving a great independency from fossil fuels especially in peak load periods. 3 MW PV Park Services Projects Products Contact Us Name Email Phone Message Submit Stay in touch! Register to receive our newsletter. Cyfield Group About Us History Companies Structure People Newsroom Careers Contact Us Land Development Available Properties Completed Properties Maps of Projects Contracting Current Projects Completed Projects Other Projects Nemesis PLC Companies & JVs Commercial Companies Products Energy 3 MW PV Park Services Projects Products © 2015 Cyfield | All Rights Reserved Designed & Developed by