Paphos wind farm inaugurated by President

Paphos wind farmCyprus’ very first wind park at Orithes inside the Paphos district was inaugurated on Sunday by President Demetris Christofias.

The €170 million project aims to supply eight percent from the island’s electricity generation and it has been operational since this past year.

In spite of heavy rain on Sunday about 500 invited guests attended the large event at Orites. They included the Bishop of Paphos Giorgos, Matthew Kidd, the British High Commissioner to Cyprus, and Paphos Mayor Savvas Vergas.

The project can be a labour of affection for Cypriot businessman Akis Ellinas. The 49-year-old graduate from the London School of Economics and former 400-metres hurdler said:

“This project was something I passionately supported when i be worried about CO2 emissions.”

The €170 million wind farm was completed promptly at the same time as on spending budget. The 82MW project may be the island’s very first in neuro-scientific wind-energy development

The project is created possible by Private equity finance Fund Manager Platina Partners LLP -Platina- who joined forces using the wind farm developer.

Ellinas estimates the 82MW project may well discover wind capacity eventually power 50,000 households additionally to saving 100,000 lots of carbon emissions and generate 120,000 kilowatt-hours of one's annually.



The Orites farm consists of 41 towering white Vestas V90 2MW turbines, spread inside the 16km website. The very very first private sector power project about the island continues to be funded by means of debt financing from Commerzbank, ING and NordLB, employing the European Investment Bank offering Half from the debt funding.

In the address within the launch, Christofias said:

''The project we're inaugurating nowadays will substantively bring about efforts to use wind energy in Cyprus and satisfy the aims the EU has set, to make sure that, by 2020, 13 percent from the country’s energy consumption will originate from alternative energy.”

Thomas Rottner, Managing Partner of Platina said:

“Orites is actually a prime example by using the very best incentives and framework in position, it is still probable to develop up huge infrastructure projects in the roughest financial times.”

Elinas registered his intention to construct a wind park in Orites in December 2004.He was granted the development licence by CERA Cyprus Energy Regularity Authority in 2006 as well as in 2009 he received the licence.

Jobs are now underway on the quantity of other wind farms in Cyprus, including the 42MW Klavida Village, 31.5MW Alexigros and 20MW Ayia Anna sites.



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