SolarFarms.cy
Agios Theodoros Solar Park
Connection terms pending
Target COD 2027
Ref: PARK-RTB-2026

Agios Theodoros Solar Parkwith Battery Storage

Utility-scale solar PV with integrated BESS • Merchant DAM exposure • Strong leveraged equity returns

Agios Theodoros, Larnaca District, Cyprus
2.64 MWp
Solar Capacity
10.03 MWh
Battery Storage
~20%
Leveraged IRR (indic.)
€973k
Y1 gross energy revenue

Investor pack — indicative materials only; not an offer to sell securities.

Solar PV System

Installed Capacity
2.64 MWp
Technology
600W Bifacial TopCon
Bifaciality 85%, gain +9.3%
Mounting
Fixed Tilt 31° South
Albedo 0.25 (white surface)
Specific Yield
2,182 kWh/kWp
Annual Generation
5.76 GWh
Estimated annual production

Battery Energy Storage

Capacity
10.03 MWh
Duration
4 Hours
Daily Cycles
1 Full Cycle
Function
Peak Shifting
Key Benefits
  • • Evening peak dispatch (~€219/MWh ref.)
  • • Hybrid solar + BESS revenue stack on merchant DAM
  • • Grid services and future market upside

Financial structure

Conservative assumptions with strong leveraged returns

Capital Expenditure

PV EPC Cost€1.90M
(€0.72/Wp turnkey)
BESS System€1.21M
(€120.6k/MWh installed · 2 × 5.015 MWh · T2 2.5 MW)
RTB Acquisition€1M
Development€350k
(Grid, permits, fees, contingency)
Total CAPEX€4.46M

Financing Structure

Senior Debt (~80% of PV+BESS)€2.49M
On PV EPC + BESS
Equity (RTB + Dev + balance)€1.97M
Equity Required€1.97M
DSCR: Above 3.0x (conservative)

Revenue & Returns

Avg DAM (TSOC sample)~€184/MWh
Peak evening (17–21h)~€219/MWh
Y1 gross energy revenue~€973k
Solar €282k + BESS €691k (indicative model)
Annual OPEX (Y1, incl. land)~€104k
PV €40k + BESS €17k + Other €37k + Land €9k
FCFE / debt servicesee Excel model
Leveraged Equity IRR (indicative)
~20%

Investment options

Flexible equity participation suitable for private investors, family offices, and strategic energy investors

25%

Equity Stake

Investment
€493k
Annual Cash Flow
~€115k/yr
Express Interest

50%

Equity Stake

Investment
€986k
Annual Cash Flow
~€231k/yr
Express Interest

75%

Equity Stake

Investment
€1.48M
Annual Cash Flow
~€346k/yr
Express Interest
FULL OWNERSHIP

100%

Equity Stake

Investment
€1.97M
Annual Cash Flow
~€461k/yr
Express Interest

Why this project

Connection terms pending

Major permits in place — confirm formal EAC grid connection terms in diligence before close.

Integrated BESS

4-hour integrated BESS — 3,160 MWh/yr indicative discharge at evening peak prices (TSOC DAM sample). BESS revenue Y1 ~€691k.

Premium Technology

600W bifacial TopCon, fixed tilt 31° south, white albedo ground (bifacial gain +9.3%) — delivering 2,182 kWh/kWp specific yield.

Strong Returns

Leveraged equity IRR ~20% — merchant DAM and hybrid dispatch model with upside from rising peak prices. Full derivation in Excel Revenue_Model sheet.

Single Operator

Lighthief handles EPC, BESS integration, and long-term O&M - one experienced partner.

De-risked Investment

RTB status, integrated BESS, and DSCR above 3.0x provides a de-risked investment profile.

Delivery and operations

Single experienced operator from construction to operations

Lighthief Logo

Lighthief

Full-service solar developer & operator

EPC Contractor

Turnkey construction

BESS Integration

Energy Management System

Long-term O&M

Asset management

Interested in this project?

Schedule a call to discuss investment options, review detailed financials, and understand the project timeline.

Reference: PARK-RTB-2026 | Agios Theodoros, Larnaca District, Cyprus