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Drakoudis Study on Energy Democracy: Electrical Autonomy with Renewable Energy Sources and Reduced Electricity Costs

Published January 14, 2026, 10:18
Drakoudis Study on Energy Democracy: Electrical Autonomy with Renewable Energy Sources and Reduced Electricity Costs

A new study by energy expert Michalis Drakoudis demonstrates the full feasibility of Cyprus's energy independence through Renewable Energy Sources (RES). Based on detailed production-demand-storage balance calculations, the study estimates that Cyprus can cover 93.5% of its annual electricity demand exclusively from RES, primarily rooftop photovoltaics and central storage. The remaining 6.5% can be covered by conventional backup generation or, in the future, by seasonal storage via green hydrogen. Achieving this goal requires an additional 3,000 MW of rooftop photovoltaics and 9,100 MWh of energy storage. The total investment cost is estimated at €2.3 billion, but the study argues that this amount will be amortized in just 3.4 years, considering current fuel and pollution prices. After amortization, operating costs will be minimal, leading to a permanent reduction in electricity costs. The study also highlights a significant surplus of energy from RES, which can be utilized in sectors such as desalination and green hydrogen production. Existing thermal power plants can be maintained as a backup for extreme events, but will no longer be the main pillar of the energy system. A key advantage of the proposal is the limited need for large-scale photovoltaic parks, as the required area (13-14 square kilometers) can be covered by available rooftops. This reduces environmental impacts, relieves the grid, and strengthens energy democracy, turning citizens into active energy producers.