SUNDAY, 5 APR 2020

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

Ancala Partners Acquires 82MW Orites Wind Farm In Cyprus

Ancala Partners Acquires 82MW Orites Wind Farm In Cyprus

Ancala Partners has paid an undisclosed amount to buy the largest wind farm in Cyprus, IPE Real Assets reports.

 

The infrastructure investment manager said funds it manages have bought the 82MW Orites wind farm developed by Platina Energy Partners and a local entrepreneur.

 

The Oriteswind farm, which cost around €170m to develop, has been operational since 2011. It comprises 41 Vestas V90-2MW wind turbines and produces around 5% of Cyprus’s entire electricity generation capacity.

 

All electricity generated is exported to the grid through a long term power purchasing agreement with Electricity Authority of Cyprus.

 

Karen Dolenec, partner, Ancala Partners, said: “The scale and quality of this asset means it will play an important role in further diversifying our investors’ portfolios.

 

“This transaction highlights our expertise in identifying and realising attractive investment opportunities across Europe. We look forward to exploring additional opportunities to support Cyprus in its transition to a more sustainable and self-sufficient energy sector.”

 

Adrien Pinsard, partner, Platina Energy Partners, said: “Orites has been an excellent asset in our portfolio, the result of a successful cooperation with our local partner, but also with the regulator and the local authorities in general.

 

“When it was built, the windfarm was by far the largest renewable plant in the Republic of Cyprus, thereby constituting a landmark transaction at the time.”

MORE ON BUSINESS

Gold News Update

Due to the measures being taken by IMH to contain COVID-19, we shall not be updating this ...

Ancala Partners Acquires 82MW Orites Wind Farm In Cyprus

Ancala Partners has paid an undisclosed amount to buy the largest wind farm in Cyprus, ...

Celestyal Cruises Temporarily Suspends Cruise Operations Until May 1, 2020

Celestyal Cruises, the award-winning, number one choice for travellers to the Greek ...

FROM AROUND GOLDNEWS

   

Gold News Update

Due to the measures being taken by IMH to contain COVID-19, we shall not be updating this website or sending out our daily newsletter until further notice. ...
   

A New Global Methodology To Define Cities And Rural Areas

Have you ever asked yourself how Sustainable Development Goal indicators on sustainable cities and communities can be compared if countries across the world ...
   

Supporting Businesses Working Remotely with “Cisco Webex Meetings & Messaging for Enterprise”

Today, due to global circumstances resulting from COVID-19 (Coronavirus disease), the need for remote working has significantly increased. Amidst this new ...
   

Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions

Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and ...
   

Cyprus Airways Suspends Its Flights’ Schedule Until 30 April

  Further to the additional measures announced yesterday by the Cypriot government to prevent spreading the coronavirus (COVID-19) in the country, ...
   

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Measures to support employment, workers and vulnerable groups of the population  from the effects of the coronavirus protection measures, which are ...
   

High Potential Startups And Economic Resilience

Economic growth without innovation is hard to imagine. The ultimate source of productivity increases is innovation. About two-thirds of Europe's economic ...
   

3CX To Offer Free Communications Solution To Businesses In Wake Of Covid-19

3CX, developer of the award-winning business communications solution, has today announced that they will be offering their software to organizations in Cyprus ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Business_Summit_10/03-23/06_300x250px
Gold_Digital_Edition_300x250px

IMH LTD