1. About the Lighthief Group
1.1 Group Overview
Lighthief is a European clean energy group founded in 2017, operating across the solar lifecycle — from development and EPC construction to operations, monitoring, and end-of-life recycling. Our unique heritage gives us unmatched perspective on long-term asset performance and sustainability.
8+
Years of Experience
Cyprus
Headquarters — Limassol
Tier-1
Equipment Partnerships
1.2 Our Evolution
2017 — Foundation
Solar Panel Recycling Pioneers
Founded by Darius and Arkadius to address the growing need for sustainable solar panel end-of-life solutions. This heritage gives us unique lifecycle expertise that informs every project we deliver.
2019 — Expansion
Operations & Maintenance Services
Expanded into comprehensive O&M services for existing solar installations. Developed 24/7 monitoring capabilities, preventive maintenance programs, and performance optimization expertise.
2022 — Growth
BESS Integration Specialist
Became an official Tier-1 BESS reseller with partnerships with leading manufacturers. Pioneered battery storage integration for curtailment mitigation in the Cyprus market.
2024 — Full EPC
Complete EPC Contractor
Evolution into a full-service EPC contractor, offering end-to-end project delivery from design through commissioning. Cyprus-headquartered with international standards and supply chain.
2025 — Scale
Large-Scale Portfolio Deployment
Executing large-scale BESS portfolio across 47 Cyprus solar parks (863+ MWh). Proven delivery capability for utility-scale projects with confirmed Tier-1 equipment supply chain.
1.3 Lighthief Cyprus Ltd
| Detail | Information |
|---|---|
| Company Name | Lighthief Cyprus Ltd |
| Registration | HE 477423 |
| Tax ID | 60187188Q |
| Address | 15 Agaritsis, Nektaria Court, Office 201, 3045 Zakaki, Limassol, Cyprus |
| Specialization | Solar EPC, BESS Integration, O&M Services, Asset Recycling |
| Certifications | ETEK Certified Engineers, EU Battery Passport Compliant |
2. EPC Services Overview
2.1 What We Deliver
Lighthief provides complete turnkey Engineering, Procurement & Construction (EPC) services for solar photovoltaic parks and Battery Energy Storage Systems (BESS) in Cyprus. Our integrated approach covers the entire project lifecycle:
1
Assessment & Design
2–4 weeks
Solar irradiation analysis, grid feasibility, optimized layout design, financial projections with realistic 8-13% IRR targets, and environmental impact assessment.
2
Engineering & Procurement
4–6 weeks
Complete electrical and structural engineering, Tier-1 equipment procurement with full supply chain management, grid connection design, and regulatory compliance.
3
Construction & Installation
8–16 weeks
Civil works and foundations, professional equipment installation by certified specialists, MV infrastructure, quality assurance protocols, and full safety compliance.
4
Commissioning & Handover
2–4 weeks
System testing and performance verification, grid connection certification, ETEK engineer sign-off, warranty documentation, and transition to O&M services.
2.2 The Lighthief Advantage
Why Lighthief EPC?
- Recycling Heritage: Unique understanding of component lifecycle ensures optimal equipment selection
- Local Presence: Limassol-based HQ with same-day emergency response capability
- Integrated Services: Seamless transition from construction to 24/7 O&M operations
- Realistic Projections: Conservative 8-13% IRR based on actual Cyprus market data
- End-to-End Lifecycle: From development through decommissioning and recycling
3. Solar PV EPC Pricing
3.1 Turnkey PV Pricing by Size
Complete turnkey solar PV EPC pricing, fully installed and commissioned:
| Park Size (MWp) | Total EPC Price | Price per MWp | Price per Wp |
|---|---|---|---|
| 1 MWp | €730,000 | €730,000 | €0.73 |
| 2 MWp | €1,380,000 | €690,000 | €0.69 |
| 3 MWp | €1,980,000 | €660,000 | €0.66 |
| 5 MWp | €3,200,000 | €640,000 | €0.64 |
| 10 MWp | €6,100,000 | €610,000 | €0.61 |
Economies of Scale: Larger projects benefit from significant unit cost reductions. A 10 MWp park costs €0.61/Wp compared to €0.73/Wp for 1 MWp — a 16% cost improvement.
3.2 What's Included in PV EPC
Included in EPC Price
- Tier-1 solar modules (590W)
- String inverters (Huawei)
- Mounting structure & piling
- DC & AC balance of system
- MV station & transformer
- Civil works, grading & fencing
- Installation labor & machinery
- Engineering, HSE & QA
- Commissioning & certification
- Performance warranties
- Logistics & port handling
Client Pays Separately
- RTB license (€350,000/MWp)
- Off-site grid reinforcement
- Land purchase or lease
- Financing costs
- VAT (19%)
4. BESS Pricing
4.1 Battery Energy Storage Systems
Lighthief provides complete turnkey BESS solutions using Tier-1 equipment, fully installed, commissioned, and grid-connected:
| BESS Size (MWh) | Price per MWh | Total Price | Equipment |
|---|---|---|---|
| 4 MWh | €168,500/MWh | €674,000 | Linyang ME / Kehua PCS |
| 8 MWh | €135,500/MWh | €1,084,000 | Linyang ME / Kehua PCS |
| 10 MWh | €124,100/MWh | €1,241,000 | Linyang ME / Kehua PCS |
| 20 MWh ★ Most Popular | €112,600/MWh | €2,253,000 | Linyang ME / Kehua PCS |
| 40 MWh | €109,800/MWh | €4,392,000 | Linyang ME / Kehua PCS |
Volume Advantage: BESS pricing benefits significantly from scale — from €168,500/MWh at 4 MWh down to €109,800/MWh at 40 MWh (35% cost reduction).
4.2 BESS Technical Specifications
| Specification | Value |
|---|---|
| Battery Chemistry | LFP (Lithium Iron Phosphate) — EVE 314Ah cells |
| Container | Linyang ME 5.015 MWh integrated container |
| PCS / Inverter | Kehua BCS1250K-C / BCS10000K-C-HUD |
| Round-Trip Efficiency | 86.32% AC-AC (full system incl. cabling) |
| PCS Efficiency | ≥99% max, ~98% at rated power |
| Cooling | Integrated liquid cooling system |
| Fire Suppression | Integrated in container |
| BMS | 3-tier: BAMS / BCMU / BMU (Linyang integrated) |
| Grid Forming | Grid forming capability included |
| EU Battery Passport | Compliant |
| Warranty | 5 years manufacturer warranty |
| Design Life | 15+ years at 1 cycle per day |
4.3 BESS Scope of Work
Included in BESS Price
- Battery containers (EVE 314Ah LFP)
- PCS / Inverters (Kehua)
- MV Skid (Transformer + Switchgear)
- RMU & Switchgear (Schneider)
- BMS, Liquid Cooling, Fire Suppression
- Surge Protection (SPDs)
- Internal Earthing Grid
- EMS / SCADA system
- Import & customs duties
- Civil works, concrete bases & cable laying
- Drainage system
- Installation & commissioning (4-6 weeks)
- ETEK engineer certification
- CERA license (€0.10/kWh)
- EOL recycling (zero net cost)
Client Pays Separately
- External Lightning Protection (DEHN — coordinated by Lighthief)
- Site earthing enhancement (if needed)
- EAC testing & connection fees
- Communication equipment to TSO/EDC
- VAT (19%)
5. Combined Solar + BESS Projects
5.1 Complete Park Pricing (PV + BESS)
Integrated pricing for combined solar and battery storage projects:
| Configuration | PV EPC | BESS EPC | Combined EPC | Per MWp |
|---|---|---|---|---|
| 1 MWp + 4 MWh | €730,000 | €674,000 | €1,404,000 | €1,404,000 |
| 2 MWp + 8 MWh | €1,380,000 | €1,084,000 | €2,464,000 | €1,232,000 |
| 3 MWp + 12 MWh | €1,980,000 | €1,643,000 | €3,623,000 | €1,208,000 |
| 5 MWp + 20 MWh ★ | €3,200,000 | €2,253,000 | €5,453,000 | €1,091,000 |
| 10 MWp + 40 MWh | €6,100,000 | €4,392,000 | €10,492,000 | €1,049,000 |
5.2 All-In Investment (Including RTB License)
| Configuration | EPC Price | RTB License | All-In Investment | Per MWp |
|---|---|---|---|---|
| 1 MWp + 4 MWh | €1,404,000 | €350,000 | €1,754,000 | €1,754,000 |
| 2 MWp + 8 MWh | €2,464,000 | €700,000 | €3,164,000 | €1,582,000 |
| 5 MWp + 20 MWh | €5,453,000 | €1,750,000 | €7,203,000 | €1,441,000 |
| 10 MWp + 40 MWh | €10,492,000 | €3,500,000 | €13,992,000 | €1,399,000 |
All prices exclude VAT (19%). RTB = Ready-to-Build license at €350,000/MWp.
Custom configurations and multi-site portfolio pricing available on request.
6. EPC Packages
Standard EPC
€0.61–0.73/Wp
Target IRR: 8–10%
- Site assessment & design
- Tier-1 component procurement
- Construction by certified specialists
- Grid connection & commissioning
- Performance warranties
- O&M transition support
Ideal for: 1–5 MWp projects
Timeline: 4–8 months
Most Popular
Premium EPC + BESS
€1.05–1.40/Wp (incl. BESS)
Target IRR: 10–13%
- Everything in Standard Package
- Integrated BESS for curtailment protection
- Advanced EMS/SCADA monitoring
- Grid forming capability
- Enhanced performance guarantees
- 24/7 O&M service inclusion
- Dedicated project management
Ideal for: 5–10+ MWp projects
Timeline: 6–12 months
Custom Solutions
Custom pricing
Target IRR: 8–13%
- Tailored system design
- Specialized equipment selection
- Unique site accommodation
- Flexible milestone planning
- Extended warranty options
- Portfolio pricing for multi-site
Ideal for: All sizes with special requirements
Timeline: Variable
7. Commercial Terms
7.1 Payment Schedule
| Milestone | Percentage | Trigger |
|---|---|---|
| Advance Payment | 25% | Contract signing |
| Ready to Ship | 50% | Equipment ready for dispatch at factory |
| On-Site Delivery | 20% | Equipment delivered and verified on site |
| Final Acceptance | 5% | Pass Site Acceptance Test (SAT) |
7.2 Delivery Timeline
| Phase | Duration | Description |
|---|---|---|
| Manufacturing | 13 weeks | Equipment production and factory testing |
| Shipping & Logistics | 7 weeks | CIF delivery to Cyprus port, customs clearance |
| Installation | 4–6 weeks | On-site installation and commissioning per unit |
| Total | 24–26 weeks | Contract signing to commercial operation |
7.3 Warranties & Guarantees
| Item | Coverage |
|---|---|
| Manufacturer Warranty | 5 years (equipment defects & workmanship) |
| SOH Year 10 | ≥79.6% minimum (at 1 cycle per day) |
| SOH Year 15 | ≥73.6% minimum (at 1 cycle per day) |
| Advance Payment Guarantee | 100% bank guarantee on advance payment |
| Performance Bond | Corporate guarantee through delivery |
7.4 O&M Services
Post-Commissioning O&M: €1,740 per MWh per year
- 24/7 remote monitoring from Limassol HQ
- Preventive maintenance schedule
- Emergency response (same-day in Cyprus)
- EMS software license included
- Performance reporting & optimization
- Spare parts inventory management
8. Equipment & Technology Partners
8.1 Tier-1 Supply Chain
Linyang
Battery Systems
ME Series containers, EVE 314Ah LFP cells, integrated BMS/cooling/fire suppression
Kehua
PCS / Inverters
BCS1250K-C & BCS10000K-C-HUD, grid forming capable, ≥99% efficiency
Schneider
Switchgear & Protection
RM AirSeT 12-24kV, auxiliary transformers, protection relays
Huawei
PV Inverters
100-115kW string inverters, advanced MPPT, grid support functions
8.2 Additional BESS Partners
As an official Tier-1 BESS reseller, Lighthief also works with:
- Tesla Energy Solutions — Megapack & Powerwall commercial
- BYD — Battery-Box Commercial series
- Sungrow — PowerStack integrated solutions
- DEHN — Lightning protection systems (coordinated by Lighthief)
9. Why Cyprus for Solar Investment
3,300+
Annual Sun Hours
1,800+
kWh/m²/year Irradiation
15%
Corporate Tax Rate (from 1 Jan 2026)
9.1 The Curtailment Opportunity
Cyprus solar curtailment has increased from 0% (2021) to 45.8% (2025), making BESS integration essential for new projects. This creates a significant opportunity for storage-equipped solar parks to capture premium returns through energy arbitrage.
| Year | Curtailment % | Investment Implication |
|---|---|---|
| 2021 | 0% | Full revenue capture |
| 2023 | 13.4% | BESS advantage begins |
| 2025 | 45.8% | BESS essential for ROI protection |
9.2 Investment Returns
| Scenario (5 MWp Example) | Investment | Annual Profit | Equity ROI |
|---|---|---|---|
| Solar Only (Cash) | €7,500,000 | €1,000,000 | 13.3% |
| Solar + BESS (Cash) | €9,250,000 | €1,260,000 | 13.6% |
| Solar + BESS (70% Financed) | €2,775,000 equity | €560,000 | 20.2% |
10. Next Steps
10.1 How to Get Started
1
Submit EPC Request
Fill in the request form below or contact us directly. Share your project size, location, and timeline preferences.
2
Receive Proposal
Within 5 business days, receive a detailed EPC proposal with pricing, timeline, and financial projections tailored to your project.
3
Site Assessment
Our Cyprus-based team conducts a thorough site assessment and finalizes the technical design and commercial terms.
4
Contract & Build
Sign the EPC contract and we handle everything from procurement through commissioning and O&M transition.
10.2 Contact Information
| Cyprus Director | Alexander Papacosta |
| +357 99 164 158 | |
| office@lighthief.com | |
| Office | +357 77 77 00 50 |
| Website | www.solarfarms.cy |
| Schedule Meeting | calendly.com/lighthiefcyprus |
Request EPC Proposal
Complete the form below and our team will prepare a tailored EPC proposal within 5 business days.