Larnaca will have a new photovoltaic park in memory of Paulina Koskosia Vlasiou, civil engineer and managing director of A.V. Earth Regeneration ltd.
According to the release, it will be erected in the neighbourhood of Aradippou.
The solar power plant with a total capacity of 1.8 MW will be operated using the latest photovoltaic power technology. Several thousand panels will be installed on the plot allocated for the construction of the park, which will convert solar energy into electricity. The ultimate goal of the project is to help meet the region's energy needs and reduce the country's dependence on imported and non-renewable energy sources. Construction work is expected to begin soon. By the way, the project is expected to be completed in the first half of 2025.
Paulina Coscosia Vlasiou has made a huge contribution to the overall company. In the last three months alone, thanks to her, A.V. Earth Regeneration ltd was able to obtain licences for 4 PV parks with a total capacity of 11 MW. In 2024, 2 of the 4 PV park projects that the company is involved with, totalling 6.7 MW in the Limassol area, have started and are expected to be completed. Also in the first half of 2025, another PV park with a capacity of 2.5 MW is expected to be completed in the Larnaca area. The cost of construction and operation of the plants is estimated at €12 million.
It is worth noting that part of the financial income from the energy produced by the Paulina Memorial Energy Park will be transferred to the Municipality of Larnaca for the development of various public infrastructure projects.
It should be reminded that in Cyprus the sun shines almost 365 days a year, so the problem of economical electricity consumption is solved mainly through the construction of photovoltaic parks.
Unlike burning coal, solar energy does not cause the greenhouse effect, which aggravates global warming. Furthermore, solar energy can play an important and cost-effective role in overcoming Cyprus' dependence on fossil fuels.
Improved ways of storing solar energy can also increase the sustainability of the energy system. By storing extra energy on sunny days, batteries ensure that power is available in cloudier weather or when cyclones knock out traditional power lines. As a result, consumers in Cyprus can receive more reliable energy at a lower cost. These ambitious investments are not just good climate policy, but a great chance for Cyprus to invest in itself and its future.