Dual-Role Facility Ushers In New Era For Waste Management And Energy Production In Paphos

by THEFUTURE.TEAM

September 22, 2025

Project Overview

A pioneering private facility in the Agia Varvara industrial zone of Paphos is set to commence operations in the first half of 2026. This dual-purpose plant will not only process organic waste but also generate electricity by converting waste-derived biogas into power for the grid. With a total investment nearing 11 million euros, the installation is poised to make significant contributions to both environmental sustainability and energy security.

Innovative Waste Conversion And Energy Production

The facility employs state-of-the-art anaerobic digestion technology to transform various organic wastes into biogas. This gas is subsequently used in a power generation system that produces electricity at an estimated cost of just 5 cents per kilowatt-hour. By processing more than 100,000 tonnes of organic waste annually, the plant will not only meet the energy requirements of thousands of households but also serve communities beyond Paphos.

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Operational Excellence And Continuous Energy Supply

Unlike conventional renewable sources such as solar or wind, which are reliant on weather conditions, this facility offers continuous 24-hour operation. Thanks to an integrated biogas storage system, it avoids the intermittency issues typical of other renewable installations, potentially delivering up to ten times the energy output of comparable photovoltaic parks. This continuous production is instrumental in addressing long-term energy supply challenges.

Cutting-Edge Technology And Market Impact

Developed by BioElectric GCC Ltd, a company established in 2013, the project leverages advanced Austrian technology to ensure both efficiency and reliability. The initiative is set to become the largest biogas production unit in Cyprus, marking a significant milestone in the nation’s transition towards a circular economy, green growth, and sustainable energy initiatives.

Collaborative Waste Management Strategy

The project also excels in its approach to waste management. Partnerships are already underway with hotels, restaurants, and various businesses to ensure proper segregation and collection of organic waste, further optimizing the facility’s performance. The integrated design not only supports waste reduction strategies but also emphasizes the scalability of sustainable waste management practices across Cyprus.

By seamlessly merging waste management with energy production, this groundbreaking facility is setting a new standard in renewable energy infrastructure and environmental responsibility.

The Future Forbes Realty Global Properties

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

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Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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