30/5/14

Address by the President of the Republic, Mr N. Anastasiades, at workshop on renewable energy applications

Address by the President of the Republic, Mr N. Anastasiades,
at workshop on renewable energy applications


Your Excellencies,
Mr Director General of the International Renewable Energy Agency,
Distinguished guests,

On behalf of the Government of Cyprus, it gives me great pleasure to extend our warmest welcome to all delegates, especially those who have travelled from abroad to join us on such an auspicious occasion initiated by the International Renewable Energy Agency (IRENA) and the Global Renewable Energy Islands Network.

I feel truly honored and privileged to be addressing this second day of the workshop on Renewable Energy Applications for Island Tourism.

I have no doubt that through the discussions held and the resulting exchange of knowledge and best practices, this important event has already ushered a new era of bilateral, regional and international cooperation on Renewable Energy between island countries and territories, all over the world.

After all, by highlighting the significance of the contribution of Renewables to the tourism sector, the workshop is actively supporting the ongoing efforts made by such countries, including Cyprus, in introducing and accelerating the deployment of Renewable Energy Sources in their energy mix. Our shared vision is that through IRENA networks and support, the private sector will be greatly facilitated in developing the viable business models necessary to expand the energy market in the crucial tourism industry.

Cyprus had enthusiastically endorsed the establishment of an international agency that will be dedicated to promoting Renewable Energy from the very beginning of its inception.

As such, our country was an active member of IRENA’s Policy and Strategy Committee during 2011 to 2013, whereas in 2014 it was selected as a Council Member of the Agency. Moreover, Cyprus has been a member of the Global Renewable Energy Islands Network since Malta’s initiative in September 2012.

As a small island country located in the Eastern Mediterranean, Cyprus has an energy system isolated from the European and regional grids and dependent on expensive energy imports. As a result, establishing and enhancing energy cooperation with neighboring countries is one of our top priorities. For example, just last month I personally led a large delegation from Cyprus on an official visit to Abu Dhabi, where we signed Memoranda of Understanding in the areas of energy, tourism, education and science. During the visit I also had the honor of meeting with His Excellency Sheikh Mohamed bin Zayed Al Nahyan, as well as the Director General of IRENA Mr Adnan Amin.

It is no secret that the Cyprus economy is heavily dependent on tourism. In turn, competition in the tourism industry is directly dependent on electricity and energy prices. To compete globally, as well as locally, there is no doubt that such costs need to be drastically reduced. This is a fact recognized by all stakeholders worldwide, and Cyprus is among the first countries to have proven, through a bidding process, that Renewable Energy can be cost-competitive at current retail prices of electricity.

In Cyprus we enjoy yearly more than 300 days with 75% of sunshine. Unsurprisingly therefore, in addition to all other renewable technologies, we are now focusing on promoting those technologies that harness this valuable resource. In fact, our country has the highest solar heating capacity installed per capita of all European countries, with approximately 93% of households and 53% of hotels being equipped with solar water heating systems.

Considering all these, as well as the fact that Renewable Energy provides 6.5 million jobs globally, it becomes apparent that the accelerated deployment of Renewable Energy Sources, in conjunction with tourism activities, can play a pivotal role in overcoming our country’s current economic troubles.
As I am certain you have been informed during yesterday’s discussions, Cyprus’ trajectory targets on Renewable Energy Sources have already been met and exceeded, whereas in the new National Action Plan even higher Renewable Energy penetration is targeted.

The success of this policy relies on three main pillars:
  1. Public Consultations that involve the active participation of all public and private sector stakeholders.
  2. Promoting synergies among the various sectors of the economy, such as agriculture, heavy industry, tourism and financial institutions.
  3. Providing the strong and credible Government commitment that is necessary to support Renewable Energy development and Energy Efficiency measures and to attract further private investment.

Dear delegates,

We are all here today because as island countries and territories, we share a vision of enhancing further our bilateral relations and cooperation in two very important domains for our national and global economies: energy and tourism. This has to be our first and foremost priority and to this end large delegations of energy experts and tourism professionals from Cyprus have joined this event.

In addition, regular exchanges of high level visits or meetings through the IRENA Assembly and other high level workshops will undoubtedly provide further impetus to our relationship.

In closing, I would like to once again thank IRENA for its initiative to hold in Cyprus this two-day event. I wish every success to the deliberations of today’s sessions and I look forward to studying your conclusions.

Thank you all for your kind attention.

________________