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12° Nicosia,
21 July, 2024
 

EAC invites bids for renewable energy land lease

Cyprus Electricity Authority calls for bids to propel renewable energy development on long-term leased land

Newsroom

The Cyprus Electricity Authority (EAC) has announced a tender for the long-term land lease for the development of Renewable Energy Sources (RES) projects. According to a press release from the authority, interested landowners are invited to submit proposals for Long Term Land Lease offers, with the minimum total area required being 30,000 square meters.

Prospective bidders have until the deadline of June 1, 2024, to submit their proposals, with ongoing evaluations. The tender is open to natural or legal persons, municipalities, or communities. In cases of multiple owners, bids must be submitted through a designated proxy, as outlined in the tender documents.

The offered parcels must meet the minimum area requirement of 30,000 square meters, with EAC reserving the right to accept plots with a slight deviation in total area. Multiple contiguous parcels can be submitted, provided they meet the conditions outlined in the tender.

EAC specifies that the offered parcels must be suitable for Photovoltaic Power Generation Projects, requiring flat terrain, minimal shading, proximity to EAC's medium voltage grid, and accessibility. The parcels must also be adjacent to a registered road network or have legal access.

Additional requirements include no encumbrances or commitments at the time of signing the Land Lease Agreement, and the offered land parcel must not fall within protected areas or exclusion zones. The planning authority will evaluate the prospect of developing RES projects during the application for planning permission.

Tender documents are available on the Cyprus Electricity Authority's website, and bids should be submitted via email to the Procurement Manager at purchasing@eac.com.cy. The evaluation of bids will consider the cost per unit of energy produced, with the most economically advantageous tenders receiving preference.

The land lease duration includes the period until project licensing (Use Period A) and 27 years for the use of the land parcel (Use Period B). The annual lease price will be paid accordingly during both periods.

[Source: EAC Press release]

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Cyprus  |  energy  |  electricity  |  solar

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