RECOM is happy to announce that the company's 260W Amur Leopard solar modules have been deployed in the construction of a 11.9MW photovoltaic project in Cyprus.
The multi-site development, which includes ground-mounted solar parks in five locations across the country at Frenaros, Nisou, Dali, Paliometocho and Malounta, are among the first solar projects of this scale in Cyprus. RECOM has partnered with CYPV Energy Limited on the project, which will see over 45,000 of RECOM's 60-cell Amur Leopard 260 poly high efficiency panels installed.
"We're delighted to be teaming up with CYPV as we fully share their vision of transforming Cyprus into a model country for green energy development; it's particularly pleasing that our high efficiency panels are being deployed in a project which is a major part of helping Cyprus to reach its 2020 target for sustainable power generation," said RECOM CEO Hamlet Tunyan.
Mr. Dmitry Morozov, Chairman of CYPV Energy Ltd - the company with the majority participation in the project - said: "We're proud to be part of these high capacity renewable energy projects, which have the highest standards of design and technical specifications, and are expected to offer clean energy for many years, thus contributing to Cyprus' goals for minimizing CO2 emissions."
He added: "The selection of RECOM photovoltaic modules falls within this policy of high technical standards. Our cooperation so far has been excellent and we expect that it will continue as such in the long term."
The European Bank for Reconstruction and Development (EBRD) is providing €10 million in debt financing for the construction, development and operation of the five sites.