Cyprus Stock Exchange and Hellenic Energy Exchange Collaborate for Green Transition

In a significant move towards supporting Cyprus's green transition objectives, the Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) have signed a Memorandum of Understanding (MoU). The ceremony, held at the Presidential Palace, was attended by prominent figures including Undersecretary to the President Irene Piki and Director of the Office of the President of the Republic of Cyprus Charalambos Charalambous.

The MoU was signed by Marinos Christodoulides, President of the Stock Exchange Council, on behalf of the CSE, and Alexandros Papageorgiou, CEO of HEnEx, representing the Hellenic Energy Exchange. Papageorgiou underscored HEnEx’s commitment to supporting Cyprus's green transition goals and emphasized the focus of the MoU on the market for Guarantee of Origin certificates.

Highlighting the European nature of energy markets and their potential to accelerate the green transition, Papageorgiou stated, “We are here today to support the Cypriot market in reaching its set goals.” He also expressed HEnEx’s intention to expand its activities through collaboration with neighbouring stock exchanges, particularly the Cyprus Stock Exchange.

Marinos Christodoulides, in his address, mentioned that the signing was an exception, following the regular monthly meeting of the CSE and the Board of Directors of HEnEx. The agreement, part of CSE’s broader strategy to develop new activities, markets, products, and services, aims to focus on the energy sector.

Having been a founding shareholder in HEnEx since late 2019, the CSE has gained significant knowledge and experience in the energy sector. The MoU further enhances the cooperation between the two entities, with a specific focus on Guarantee of Origin certificates to facilitate the utilization of resources for renewable energy sources in the green transition.

By fLEXI tEAM