Agios Theodoros Solar Park
Ready to Build
Target Q4 2026
Ref: PARK-RTB-2026

Agios Theodoros Solar Parkwith Battery Storage

Utility-scale solar PV with integrated BESS • Merchant market exposure • Zero curtailment risk

Agios Theodoros, Larnaca District, Cyprus
2.64 MWp
Solar Capacity
10.56 MWh
Battery Storage
~30%
Leveraged IRR
€1.05M
Annual Revenue

Solar PV System

Installed Capacity
2.64 MWp
Technology
Bifacial TopCon
Mounting
Fixed Tilt South
Specific Yield
1,800 kWh/kWp
Annual Generation
4.75 GWh
Estimated annual production

Battery Energy Storage

Capacity
10.56 MWh
Duration
4 Hours
Daily Cycles
1 Full Cycle
Function
Curtailment Recovery
Key Benefits
  • • Curtailment elimination
  • • Curtailment recovery at peak prices (€183/MWh avg evening peak, €158/MWh per discharge at 86.32% AC-AC RTE)
  • • Grid stabilization revenue potential

Financial Structure

Conservative assumptions with strong leveraged returns

Capital Expenditure

PV EPC Cost€1.90M
(€0.72/Wp turnkey)
BESS System€1.34M
(€127k/MWh ex. VAT)
RTB Acquisition€1.00M
Development€0.35M
(Grid, permits, fees, contingency)
Total CAPEX€4.59M

Financing Structure

Senior Debt (70%)€2.27M
On PV EPC + BESS
Equity (RTB + Dev + 30%)€2.32M
Equity Required€2.32M
DSCR: Above 3.0x (conservative)

Revenue & Returns

Avg MCP (134-day dataset)€158/MWh
Peak Evening (17-21h)€183/MWh
Annual Revenue~€1.05M
Annual OPEX~€104k
PV O&M €40k + BESS O&M €26k + Other €38k
Debt Service~€211k/yr
Net Cash Flow~€735K/yr
Leveraged Equity IRR
~30% Range

Investment Options

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

25%

Equity Stake

Investment
€580k
Annual Cash Flow
~€184k/yr
Express Interest

50%

Equity Stake

Investment
€1.16M
Annual Cash Flow
~€367k/yr
Express Interest

75%

Equity Stake

Investment
€1.74M
Annual Cash Flow
~€551k/yr
Express Interest
FULL OWNERSHIP

100%

Equity Stake

Investment
€2.32M
Annual Cash Flow
~€735k/yr
Express Interest

Why This Project

Ready to Build

All permits secured. Construction can begin immediately upon closing.

Integrated BESS

4-hour battery storage eliminates curtailment risk via curtailment recovery — storing wasted solar and discharging at €183/MWh evening peak prices.

Premium Technology

Bifacial TopCon PV modules, south-facing fixed-tilt, delivering 1,800 kWh/kWp specific yield.

Strong Returns

Leveraged equity IRR in the ~30% range with conservative assumptions.

Single Operator

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

De-risked Investment

RTB status, BESS curtailment protection, and DSCR above 3.0x provides safety margin.

Delivery & 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