Cyprus has the necessary know-how and conditions for the development of Renewable Energy Sources to contribute in the production of green hydrogen, experts said on Friday.

Speaking at an information day on Green Hydrogen in Cyprus held in Nicosia, experts noted that the island also has the geostrategic position for the import of hydrogen to Europe.

The government has set among its main priorities the reduction of electricity costs for households and businesses, while simultaneously strengthening the country’s energy supply, Energy Minister George Papanastasiou said in his address at the event.

He added that the country is also aiming to contribute in Europe’s efforts to diversify energy sources and routes.

“We are implementing policies to promote the use of RES and Energy Saving measures, the electrical interconnection of Cyprus with neighbouring countries and the arrival of natural gas in Cyprus”, he noted.