EU Approves €76.9 Million Payment To Cyprus Under NextGenerationEU Programme

by THEFUTURE.TEAM

February 12, 2025

The European Commission has given its stamp of approval for Cyprus’ request to receive a €76.9 million payment under the NextGenerationEU program — the EU’s flagship initiative designed to drive recovery towards a more sustainable, digital, and competitive future.

This funding, part of Cyprus’ Recovery and Resilience Plan (RRP), comes after Cyprus completed nine reforms and seven investment projects. These milestones pave the way for improvements that will directly benefit Cypriot citizens and businesses, including advancements in digitalization, healthcare, environmental sustainability, energy, research, and connectivity.

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Key initiatives include the creation of a streamlined government process to foster strategic investments, helping reduce administrative burdens and driving economic growth. Another flagship project involves the Cyprus Transmission System Operator, which has introduced a Market Management System to make the electricity market more competitive, promising lower prices and better service for consumers.

This payment is the third installment under the Recovery and Resilience Facility (RRF), the financial backbone of NextGenerationEU, which aims to strengthen EU economies post-pandemic. Cyprus’ recovery strategy focuses on preparing the nation for a greener, digital future, with a focus on sustainable investments in critical sectors.

The European Commission has forwarded its preliminary assessment to the Economic and Financial Committee (EFC) for review. If the EFC provides a positive opinion, a formal payment decision will be made, releasing a further €378.1 million to Cyprus.

Since Cyprus began its RRF journey, a total of €1.2 billion has been allocated to support its recovery and transition plans. This new payment will bring the total disbursed funds to €454 million, marking over 24% of the plan’s approved goals being fulfilled.

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Cyprus Remains Among EU’s Lowest Renewable Electricity Producers

by THEFUTURE.TEAM

July 27, 2026

Cyprus remained among the European Union’s weakest performers in renewable energy adoption in 2025, with renewables accounting for 27.5% of gross electricity consumption, according to new data published by Eurostat.

Across the EU, renewable sources supplied 49.9% of gross electricity consumption last year, bringing the bloc close to generating half of its electricity from renewable energy.

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Cyprus Remains Among The EU’s Lowest Performers

Cyprus ranked among the EU countries with the lowest share of renewable electricity, ahead of only Malta at 11.2%, the Czech Republic at 19.2%, Luxembourg at 23.3% and Slovakia at 24.1%.

Across the country’s broader energy system, renewables accounted for 21.5% of gross final energy consumption in 2025.

EU Renewable Electricity Continues To Grow

Renewables supplied 49.9% of gross electricity consumption across the EU in 2025, up from 47.5% a year earlier. Since Eurostat began collecting comparable data in 2004, the share has risen from 15.9%.

Austria recorded the highest share at 90.8%, followed by Sweden at 89.2%. Denmark generated 77.7% of its electricity from renewable sources, followed by Portugal at 65.6%, Greece at 60.9% and Spain at 60.7%.

Overall Energy Transition Still Has Work Ahead

Renewables accounted for 26.2% of the EU’s gross final energy consumption in 2025, up from 25.2% in 2024 and 9.6% in 2004.

Despite the increase, the bloc remains below its legally binding target of 42.5% by 2030. According to Eurostat, achieving that goal will require an average annual increase of 3.3 percentage points between 2026 and 2030.

Sweden recorded the highest overall renewable energy share at 65.4%, followed by Finland at 53% and Denmark at 48.2%. Belgium recorded the lowest share at 14.9%, followed by Slovakia at 16.3% and Ireland at 17.2%.

Heating And Cooling Also Show Steady Progress

Renewable energy accounted for 27.4% of heating and cooling across the EU in 2025, the highest level since comparable records began in 2004. The share increased by 0.7 percentage points from 2024, slightly below the long-term annual average increase of 0.75 percentage points.

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