New Legislation To Revolutionize Energy Storage In Cyprus

by News Editor

April 11, 2025

After much anticipation, the Cyprus Parliament unanimously passed a pivotal law enabling the storage of electrical energy. This significant move, driven by persistent efforts from Energy Minister Giorgos Papanastasiou, brings Cyprus a step closer to energy stability.

The Role Of Energy Storage

The new law grants the Transmission System Operator of Cyprus the responsibility to implement and manage energy storage systems. Collaborations with the Electricity Authority of Cyprus aim to stabilize the island’s isolated electrical grid and minimize the risks of power shortages. This initiative is vital in reducing the curtailment of green energy, particularly from photovoltaic sources, due to overproduction.

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Political Dynamics And Unified Agreement

The legislative journey was not without its complexities. Notably, amendments proposed by the Energy Committee’s Chairman, Kyriakos Hadjiyiannis, were reshaped by a majority, reflecting the European Union’s directive for state-backed energy storage solutions. Despite initial resistance, all parties, including the opposition and the Democratic Rally party, expressed unanimous support for the revised bill.

This development not only paves the way for energy resilience in Cyprus but also aligns with broader European environmental goals, solidifying Cyprus’s role as a forward-thinking player in regional energy advancements.

The Future Forbes Realty Global Properties

The Rocks Project Advances Through Licensing Process In Pentakomo

by THEFUTURE.TEAM

June 5, 2026

Overview Of The Ambitious Development

A large tourism development in Pentakomo is moving through the licensing process. Known as The Rocks Project, the proposal includes a hotel, villas, apartments and a beach club along the coast east of Limassol.

Strategic Location And Broader Impact

Located along the coastal corridor between Limassol and Zygi, the project would form part of the wider Governor’s Beach area. The site is situated near several state and energy infrastructure facilities, including the Evangelos Florakis Naval Base in Mari, making it subject to additional planning and regulatory considerations.

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Master Plan And Key Infrastructure

Situated within the administrative boundaries of Pentakomo, the development is planned for the coastal area of Argaki Tou Mavrou. The project is being promoted by DRL5COMOS Properties Ltd and is supported by an environmental impact assessment prepared by P. Nikolaidis & Associates Ltd. The assessment is available for public consultation until July 3, 2026.

According to the master plan, operations are expected to begin in 2029. Plans include a 14,000-square-metre hotel with 126 rooms, a 900-square-metre spa and wellness centre, restaurants and dining facilities, 26 villas, 73 apartments and penthouses, and a 1,050-square-metre beach club with indoor and outdoor leisure areas. Parking facilities for 240 vehicles are also included in the proposal.

Integration With The Existing Landscape

The development plan allocates 12% of the site to public green space and includes an internal road network. Project documents indicate that several existing structures, including the Kalymnos Fish Tavern and current beach facilities, would be demolished as part of the redevelopment.

Regulatory And Institutional Considerations

The licensing process is ongoing and includes consultations with relevant local and government authorities. Comments submitted by the Ministry of Defence have not been made public due to the site’s proximity to the naval base. Those observations are expected to be reviewed by the environmental impact assessment committee during closed sessions.

Conclusion

With its carefully structured vision and strategic positioning, The Rocks Project promises to be a significant catalyst for economic and social growth in eastern Limassol. As it advances through the regulatory process, stakeholders remain focused on ensuring that this landmark development meets the highest standards of design, sustainability, and community integration.

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