Renewable Energy – Solar Energy Park, Monagrouli, Limassol
Recognising the rising demand for affordable, sustainable energy, we’ve expanded our activities into renewable energy. This strategic move not only reflects our commitment to a greener future but also positions the Group as a leading force in Cyprus’ green energy sector.
As part of our ongoing commitment to sustainable development, the Group is spearheading the creation of a photovoltaic solar energy park in Monagrouli, Limassol, Cyprus on behalf of an international investment entity. The project encompasses full-cycle development including planning, permitting, engineering, and construction.
The solar park will have a total capacity of 3.2MWp, with a total investment estimated at approximately €3.8 million. Expected annual returns are projected at 18%–20%.
Phase A, with a capacity of 1.94MWp, has been successfully completed and the park has been fully operational since 1 April 2025.
Phase B, which will contribute an additional 1.24MWp, is scheduled to begin construction by the end of Q3 2025.
This landmark project reinforces our role in the transition to clean energy, while delivering strong financial performance and long-term environmental value.
