The story started in Cyprus, a small island in the Mediterranean sea, in the early 1990’s when “Mr. Fawzi Maalouf was on a vacation and saw panels on some house roofs. Very quickly, he recognized that what he had seen are collectors, an assembly of solar panels which absorb heat from the sun and use it to heat up water stored in a hot water cylinder.
He wanted to learn more about the solar systems he had seen, so he visited the solar provider on the Island to explore his opportunities. He was impressed with what he had seen, and realized the importance of introducing solar energy to the Lebanese market. He believed that this form of renewable energy was the right choice for a better future.
In 1994 and with an entrepreneurial mindset, the Maaloufs’and Akars' took a leap and introduced an alternate form of energy to the Lebanese market through importing and offering solar systems. The Company name KYPROS was chosen as a token of appreciation to the Island where the idea came to life.
Today KYPROS has more than 50,000 satisfied customers because of their solutions, expertise and after sales services across all the Lebanese regions.
Many commercial businesses in Lebanon are now shifting to alternative sources of energy due to the daily power-cuts and their effect on productivity, in addition to the continuous increase in oil prices, which led to a spike in operating costs, thus affecting the growth of businesses in the long term.
The main advantages of Solar energy to any business is: