Following the approval by the Council of Ministers of the “Sponsorship Scheme for Energy Storage Systems in Combination with Renewable Energy Sources (RES)”, the Ministry of Energy, Trade and Industry published on 7 November 2025 the relevant Guide, so that interested parties can be informed about the details of the Plan, as well as the application process.
The Plan, with a total budget of €35 million, aims to reduce electricity costs for citizens, while enhancing the country’s green energy transition. The Plan aims to support storage projects with a capacity of approximately 150MW, and a total storage capacity of approximately 350 MWh. The funding comes from the Just Transition Fund, under the Cohesion Policy Programme “THALIA 2021-2027”.
Beneficiaries of the Scheme are natural and legal persons active in the field of electricity production from RES and have:
- Feed in Tariff (FiT) systems.
- Self-consumption systems with the net-billing method or self-production.
The online submission of applications will start on 14 February 2025 and will remain open until 28 March 2025. Applications and required supporting documents should be submitted through the https://bfu.meci.gov.cy platform
For more information, interested parties can contact the relevant officials at 22409385 and 22867203 phones or by e-mail at bfures@meci.gov.cy.
