INAUGURATION OF PAPHOS WIND FARM BY PRESIDENT CHRYSTOFIAS

President Demitris Chrystofias officially inaugurated the Republic of Cyprus's first Wind Farm, Orites, in Paphos in March. The €170 million project will provide 8% of the islands electricity generation capacity and has been operational since last year.

The €170 million Wind Farm was completed on time and on budget and benefits from a new fixed-rate subsidy by the Government of Cyprus. The 82 MW project is the islands first in the field of wind energy development. This was made possible by Private Equity Fund Manager, Platina Parners LLP – Platina who joined forces with the Wind Farm Developer. Work is now underway on a number of other farms in Cyprus.