THURSDAY, 9 JUL 2020

 

CONNECT

Facebook Linked In Twitter
Compliance_29/01-24/09_728x90px
GloriaJeans_266x90px
IMH LTD

Pompeo: US to Provide Military Education and Training Funding to Cyprus

Kassianides: Cyprus to Enter the Natural Gas Era

IMH LTD

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

Kassianides: Cyprus to Enter the Natural Gas Era

Cyprus as of July 9 will enter the natural gas era, Natural Gas Public Company Chairman ...

New Espresso Blends At Alphamega Hypermarkets’ Cafeterias

Alphamega Hypermarkets are investing in the coffee culture that has grown significantly ...

CySEC Fines CommerzBank AG €650,000 For Market Abuse

The Board of the Cyprus Securities and Exchange Commission (CySEC) stated in a recent ...

FROM AROUND GOLDNEWS

   

CSR During a Pandemic

Katerina Biloruska, Chairwoman of the non-profit Parimatch Foundation, explains how it has helped in the fight against COVID-19, whilst staying true to its ...
   

John Lewis to Close Eight Stores Permanently

John Lewis has announced it is permanently closing eight of its stores, putting 1,300 workers at risk, the BBC reports. The retailer said it had to ...
   

House Prices up by 1.1% in Cyprus in Q1 2020

House prices, as measured by the House Price Index, rose by 5.0% in the euro area in the first quarter of 2020 compared with the same quarter of the previous ...
   

Kassianides: Cyprus to Enter the Natural Gas Era

Cyprus as of July 9 will enter the natural gas era, Natural Gas Public Company Chairman Symeon Kassianides has said as tomorrow the President of the Republic ...
   

Pompeo: US to Provide Military Education and Training Funding to Cyprus

The US for the first time will provide international military education and training funding to Cyprus, as part of the State Department`s efforts to enhance ...
   

Cyprus to Establish a Deputy Ministry of Culture

The Cabinet has decided to proceed with the establishment of a Deputy Ministry of Culture, Deputy Government Spokesman Panayiotis Sentonas said. ...
   

Impressive Construction Work Progress At Ayia Napa Marina

On Wednesday, July 8, media representatives were given the chance to tour the iconic Ayia Napa Marina, and were provided with insight into the progress of ...
   

New Minister Of Energy And Deputy Minister For Shipping Are Sworn In

The new Minister of Energy, Commerce and Industry Natasa Pilides and Deputy Minister to the President for Shipping Vassilis Demtriades assume duties on Friday, ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Compliance_29/06-24/09_300x250px
GloriaJeans_300x250px

IMH LTD