Alpha News

New Study Shows Cyprus Can Achieve Energy Independence with Renewable Sources

Published January 20, 2026, 16:29

A new study, conducted by energy expert Michalis Drakoudis as part of the 'Energy Democracy' initiative, demonstrates that Cyprus can achieve energy independence through Renewable Energy Sources (RES). The study is based on detailed calculations of production-demand-storage balance and captures the costs and benefits of an almost entirely green electricity system. According to the findings, Cyprus can cover 93.5% of its annual electricity demand exclusively from RES, mainly rooftop photovoltaics combined with central energy storage. The remaining 6.5% can be covered by conventional standby generation or, in a later stage, by seasonal storage via green hydrogen. To achieve this, approximately 3,000 MW of additional rooftop photovoltaics and 9,100 MWh of additional energy storage are required. The total investment cost is estimated at 2.3 billion euros, an amount that, based on current prices, is expected to be amortized in just 3.4 years. The study highlights that the surplus of energy from RES far exceeds the deficit during periods of low production, paving the way for utilization in areas such as desalination and green hydrogen production. Existing thermal power plants can be maintained as a safety backup.