at facilitating development of Photovoltaics in Cyprus. Among them is the large-scale application of Net metering. CERA aims to reduce electricity prices for the households where net metering is applied, via fuel saving and carbon dioxide reduction. Cyprus introduced net metering as pilot program in 2012. The program concerns selected governmental buildings and a few communities only. Its goal was to gain significant experience and knowledge on how to run the electricity grid using net metering. Net Metering Research The University of Cyprus has announced plans for a second, 10 to 13 MW, solar park and revealed it will lead a €1.3 million research program into the adoption of net metering across the European Union. The UoC will also lead an EU-funded European research program on promoting net metering policies. The university has signed a memorandum of co-operation with the Bishopric of Tamasos and Orini of the Church of Cyprus, to develop a photovoltaic park in the Cypriot capital of Nicosia. UN's Cyprus PV system The United Nations Development Programme (UNDP) in Cyprus installed a 15 KW photovoltaic system at its offices. The park cost US$30,000 and is now connected to the grid as well. EuroAsia Interconnector EuroAsia Interconnector will connect Israel , Cyprus and Greece with 2000 MW HVDC undersea power cable. It is a leading Project of Common Interest of the European Union and also priority Electricity Highway Interconnector Project. Cyprus, as last EU member fully isolated from energy interconnections will be connected to European network. See also Block 12 Solar power in Cyprus Renewable energy by country References