Contract signed for Wind Park in Cyprus

Cyprus is to get its first wind park, one of the biggest in the Eastern Mediterranean, which is expected to be completed by the end of 2010.

The operation of the wind park is a step towards meeting EU objectives relating to energy production from renewable energy sources amounting to 13% by 2020, an official announcement said here today.

The contract for the connection of the first Wind Park, of a total power of 82MW, with the electricity transmission network in Cyprus was signed on July 19 between the transmission system operator of Cyprus and the producer (D.K. Windsupply Ltd), it added.

The wind park will be built by a Danish company in Orites region, in Paphos district, on the west, and will consist of 41 wind turbines of 2,0 MW each.

The European Investment Bank will contribute to the construction with 65 million euro, in addition to a partnership of other international banking institutions.

The announcement noted that the involvement of such major investors and their interest in financing this project demonstrates that the use of wind energy in Cyprus is possible and profitable.

The energy produced by the wind park will be channeled into the transmission network in accordance with the Grant Project of the Ministry of Commerce, Industry and Tourism and will be bought by the Electricity Authority of Cyprus at a price determined in the plan.