Electricity storage systems agreement to be signed on Tuesday set to reduce photovoltaic losses

Loss of electricity produced by photovoltaic systems will be significantly reduced in the near future, paving the way for much more effective utilisation of renewable energy sources, as a contract will be signed next week to build the first central electricity storage systems, with a capacity of 120 MW.

Energy minister Michalis Damianos said that the signing of the relevant agreements on June 23rd marks a decisive step in reducing photovoltaic production cuts and raising renewable energy...