Cyprus: Minister of Finance inaugurates solar energy system built by the STS-Med project

Cyprus Minister of Finance Mr. Harris Georgiades inaugurated on 11 April 2016 the new solar system developed by the STS-Med project: mirrors will concentrate solar heat and use it for cooling a laboratory of the Cyprus Institute.

For the first time ever in Cyprus, a building will be able to produce its own energy for cooling thanks to solar concentration. The 184 sqm facility installed on the roof of KEPA School (located in front of the Cyprus Institute) is a technological breakthrough since it demonstrates the possibility of reducing fossil fuel consumption for air-conditioning in a country where direct insolation is high (around 2000 kW/m2/year).

In his address, Minister Harris Georgiades stressed that research and innovation can and should have a very important role in a new economic model for Cyprus and that the government’s support to the Cyprus Institute - partner of the STS-Med project - is the best investment for the future. "We are confirming today the role of the Cyprus Institute for our economy and our society," he stated.

The inauguration ceremony was also attended by the former President of the Cyprus Republic Dr. George Vassiliou, Ambassadors and representatives of foreign diplomatic missions, government officials, and by many personalities from the academia and the business world.

The solar system implemented in Cyprus is one of the four pilot systems that were built by the STS-Med project in the Mediterranean region, with the other located in Italy, Egypt and Jordan. The four demonstration plants based on concentrating solar power aim to serve the energy demand of 20.000 end users coming from 20 local communities, for a total power of 400 kW.

STS-Med is leaded by Italy's ARCA Consortium and gathers 13 partners from 6 different countries (Cyprus, Egypt, France, Jordan, Greece, Italy and Jordan), including academic organizations, research centers, businesses and public institutions.

The project is funded by the ENPI CBC Med Programme for an amount of €4,4 million.

Visit the STS-Med project's website

Contacts
Fabio Maria Montagnino
Project coordinator
ARCA Consortium  
+39 091 661 5654
fmontagnino@consorzioarca.it

20.04.2016