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10 MW “HEROES PHOTOVOLTAIC PARK” From the University of Cyprus and the Athanasios Ktorides Foundation

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The creation of a photovoltaic park with 10 MW installed capacity was announced on December 21, 2011 by the University of Cyprus and the philanthropic, not-for-profit Athanasios Ktorides Foundation, which is financing the park as part of the joint initiative with the University entitled “Action for Energy”. The funding amounts to € 14,000,000 (€ 14 million), which the Foundation will donate for the establishment of the park as well as other important parts of the project as the contracts are secured. The remainder will be in the form of financial support for implementing the installation of photovoltaic park.
A notable feature of the park will be its ability fully to meet the energy needs of the campus with zero carbon emissions.

“At a time when solutions are being sought to make Cyprus independent of polluting and costly fuels, harnessing the wealth bequeathed to us by nature is more than necessary for our prosperity. It is vital to the health and happiness of us and our children,” noted Mr. Ktorides.

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The Rector of the University of Cyprus, Professor Constantinos Christofides and the President of Athanasios Ktorides Foundation Mr. Nasos Ktorides

The Rector of the University of Cyprus, Professor Constantinos Christofides and the President of Athanasios Ktorides Foundation Mr. Nasos Ktorides

The Rector of the University of Cyprus, Professor Constantinos Christofides and the President of Athanasios Ktorides Foundation Mr. Nasos Ktorides

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Income from the production and supply of energy will be distributed as follows:

a) scholarships for undergraduate and graduate students to initiate, continue or complete their studies at the University of Cyprus. The scholarships will be offered as a priority to children of those who have sacrificed their lives for our country. It will also be used to finance postdoctoral researchers.

b) Funding of the Institute of Advanced Studies, in amounts up to € 500,000 (five hundred thousand euro) annually.

The Rector of the University of Cyprus, Professor Constantinos Christofides, thanked the Athanasios Ktorides Foundation for its substantial contribution to the realization of the project. Mr. Christofides noted that the sun is the most reliable of energy sources and is abundant in Cyprus. This park, with its energy efficiency, will highlight the fact that the sun is a proper choice for energy policy, and will also underline the need for the State to use experts to take the right decisions in policy formation.

Features of solar energy include the fact that only 0.1% of our territory is enough to cover up to 100% of our energy needs. The Heroes Photovoltaic Park at the University of Cyprus, he added, is only the beginning of several initiatives that will follow and which will put the University of Cyprus in the lead at the European level as an institution that respects the environment and develops green initiatives. Within the framework of its activities as a “green university”, it will also be able to attract European funding. In closing, the Rector said that the photovoltaic park constitutes a milestone for the University’s contribution to society in the use of energy resources and ongoing energy savings.

Contact:
Communication Office
Promotion and Development Section
University of Cyprus
Tel 22894304,
Email [email protected], www.pr.ucy.ac.cy

More about ktorides foundation: www.ktoridesfoundation.org | www.twitter.com/AKtorFoundation