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Cyprus Ranks Among Lowest in EU Renewable Electricity Generation Amid Declines


Overview Of EU Renewable Energy Trends

Recent data from Eurostat reveals significant shifts within the European Union’s renewable energy landscape during the first quarter of 2025. Despite the overall EU average reaching 42.5% in net electricity production from renewable sources, a noticeable decline from 46.8% in the previous year, Cyprus found itself near the bottom of the member state rankings.

Cyprus’ Position In The Renewable Energy Spectrum

Cyprus has recorded the fourth lowest share of renewable energy, trailing behind nations such as the Czech Republic, Malta, and Slovakia. This ranking underscores the challenges faced by the island nation in its transition towards a greener energy mix, particularly in an era when wind and hydroelectric power have experienced significant setbacks.

Comparative Analysis Among EU Member States

Conversely, leading the charge are Denmark with an impressive 88.5% and Portugal at 86.6%, followed by Croatia at 77.3%. The stark contrast in performance highlights not only diverging national strategies for renewable integration but also the varying levels of technological and infrastructural readiness across the EU.

Underlying Factors And Sectoral Implications

Eurostat attributes the overall reduction in renewable share predominantly to a downturn in hydroelectric and wind power generation. Notably, Greece witnessed a dramatic 12.4% drop, Lithuania 12%, and Slovakia 10.6%. These declines signal a broader trend of volatility in renewable sources, potentially influenced by seasonal fluctuations, infrastructure challenges, or broader economic dynamics affecting investment in green technologies.

Concluding Thoughts

As EU nations navigate these challenges, the divergent performances offer key insights into the trajectory of renewable energy investments and policies. For Cyprus, the data serves as a clarion call to reassess and reinvigorate efforts in its renewable sector, ensuring alignment with both environmental objectives and long-term energy security goals.


Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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