As there is a quite new technology available in Cyprus now, imported from Germany, heating the domestic hot water with four photo-voltaic modules, I used this winterly weather conditions for testing both systems.
Beside the much nicer look of only 4 PV-modules on the roof instead of the ugly traditional installation my test results were very interesting.

We had several days with no sunshine and the result was, that from the thermosyphon system I received not even lukewarm water, just cold one. These systems need the heat of the sun in order that warm water starts to circulate between panel and hot water tank. Even in periods when sun appears for some minutes before the next clouds, the circulation will not start in cold days like now. Worse case if the panels are not mounted with ca 60 degree tilt.
Completely different story when photovoltaic modules producing electricity, heating a electric coil in the tank.
Four Good quality PV-modules (285 Wp) produced in my place on days without any sunshine app. 2 kWh per day, while on light overcast days I got 3.5 kWh/day. This would be similar if you switch on a electric 3KW coil (element) to heat water for ca 1 hour.
More information to reduce CO2 emissions in your household on the updated link from Green Air: "What's NEW" here on Paphos Life Directory:
https://www.paphoslife.com/directory/entry/greenair
Max