![](\"https:\/\/www.financialmirror.com\/wp-content\/uploads\/2024\/02\/nikos-steinmeier-dinner-cyprus.jpg\")
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Energy is an area of potential cooperation that was discussed during the state visit to the island of Germany\u2019s President Frank-Walter Steinmeier.<\/p>\n
Talking to the press, Cyprus President Nikos Christodoulides said that they discussed seeking German knowhow on renewables and electricity energy storage.<\/p>\n
Asked why Cyprus does not utilise renewable energy sources (RES) as much as it could, Christodoulides said: \u201cYou are absolutely right and the question is very timely. We are making significant strides, especially in recent years.<\/p>\n
\u201cToday we have 50% production from RES. Unfortunately, only 19% of our electricity mix is from renewable energy sources, due to the lack of storage capacity for electricity generation from RES.<\/p>\n
\u201cIt is for this reason that within 2024 the government will announce two projects, with a total value of approximately 80 mln euros, precisely to develop batteries in which we will be able to store the energy produced by RES.<\/p>\n
\u201cIt is an issue that \u2013 and we discussed it with the German President \u2013 we want and desire the technical support from the German government as well,\u201d Christodoulides concluded.<\/p>\n
Steinmeier Germany is open to this technology, and especially energy.<\/p>\n
\u201cWe are ready and willing to share our know-how with other countries and we will raise the issue when we return to Berlin,\u201d the German president concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
During a state visit to Cyprus, Germany’s President Frank-Walter Steinmeier and Cyprus President Nikos Christodoulides discussed potential cooperation in the energy sector. They specifically talked about seeking German expertise in renewables and electricity energy storage. Cyprus currently has 50% of its energy production from renewable sources, but only 19% of its electricity mix comes from renewables due to a lack of storage capacity. The Cyprus government plans to announce two projects worth approximately 80 million euros by 2024 to develop batteries for energy storage. They also expressed a desire for technical support from the German government. President Steinmeier stated that Germany is open to sharing its know-how in energy technology with other countries.<\/p>\n","protected":false},"author":4,"featured_media":2996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[810,3,553,358,576,415,193,503,558,811,812],"class_list":["post-2995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-battery","tag-cyprus","tag-electricity","tag-energy","tag-germany","tag-government","tag-nikos-christodoulides","tag-president-nikos-christodoulides","tag-renewable-energy","tag-res","tag-storage"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n