Panayiotis Rougalas
A Cypriot company with growing interests in the renewable energy sector is planning to transform the crater of the Lake of Mine in Polis Chrysochous into a cutting-edge photovoltaic park. The project, spearheaded by the Zorpa Group, aims to produce green energy while contributing to the island’s sustainable development goals.
The area, which was once a bustling mining site, has remained largely undeveloped since mining activities ceased in 1979. The land bears the marks of its industrial past, but now, it will serve as the foundation for a modern energy solution. Zorpa Group, which has shifted its focus to renewable energy alongside its other ventures, is committed to ensuring that the development process is environmentally responsible. The company emphasized that it will collaborate closely with local authorities and relevant agencies to protect the area’s natural beauty while moving forward with the solar project.
This ambitious plan aligns with both national and European green transition targets, helping Cyprus make strides toward meeting its renewable energy commitments. The project will also play a significant role in the country's energy independence by harnessing the power of the sun to generate sustainable electricity.
The solar park will be located on land acquired by the Zorpa Group, which was one of two parcels sold by the Bank of Cyprus in early 2025. The other plot was purchased by the Union of Cyprus Banking Employees (UBC). In addition to the renewable energy park, Zorpa Group is set to contribute to local economic development, with the investment expected to create jobs and boost the renewable sector in the region.
For Cyprus, the development of such green energy projects is critical in achieving environmental sustainability and reducing carbon emissions. Zorpa Group’s efforts in turning this once-industrial site into a hub for clean energy is a hopeful step forward in the country’s transition to a greener future.
*This article was translated from its Greek original
