According to the project, licenses will be given for the installation of 15MW Net Metering in 4,500 homes and 450 licences will be given to low-income and other vulnerable groups of which 50% will be state funded. Local authorities are also invited to apply.

The project will also licence self-production of 5MW photovoltaic output and a further 5MW for commercial photovoltaic systems.

The net-metering programme, a policy aimed at generating savings from electricity consumption, started last year and invited 5,000 applications for net-metering systems to be installed in homes, 2,000 of which relate to low-income household installations which were 50% funded by the Renewable Energy Sources (RES) fund.

Source: Cyprus Mail