The renewable sources of energy have been strengthened with the signing of the first contract for the connection of an wind park with EAC’s network.
The contract was signed on July 19 between the Transfer System Manager of Cyprus and the Producer (D.K Windsupply Ltd) and the park that will be connected to the network of electric power transfer will be of 82MW.
According to an official announcement, the contract was signed after a number of attempts and the completion of a large volume of works so as to find a solution that could satisfy the operational conditions as these are determined by Transfer System Manager, the Commerce Ministry, the Regulatory Energy Authority of Cyprus, EAC and the financers’ needs.
The wind parl will be constructed in Orites, among the villages of Pano Archimandrita, Kouklia, Souskiou and Fasoula of Paphos. It will comprise of 41 wind generators of 2.0MW each, it will be built by the Danes and will be one of the largest in Easter Mediterranean. The construction activities will be completed in late 2010.
One of the financiers is the European Investment Bank with €65 million, as well as a corporate cooperation of other international banks. The involvement of significant investors and their interest in funding the project show that the development of a wind park in Cyprus is a profitable project.
The energy that will be produced by the wind park will be injected to the transfer system and will be bought by EAC at a price that will be determined in the plan.
The area will host a new sub-station of transfer of 132kV, which will be connected with the existing sub-stations in Polemidia and Anatoliko. The sub-station will be constructed by the investor and will be transferred to EAC. According to the existing policy for the promotion of Renewable Sources of Energy, the expenditure against connection projects is shared out between the Producer and the Owner of the Transfer System by 50%-50%.
The announcement also stresses that the operation of the first wind park will put the bases in order to meet the target of energy production from renewable sources of energy by 13% until 2020.
The contract was signed on July 19 between the Transfer System Manager of Cyprus and the Producer (D.K Windsupply Ltd) and the park that will be connected to the network of electric power transfer will be of 82MW.
According to an official announcement, the contract was signed after a number of attempts and the completion of a large volume of works so as to find a solution that could satisfy the operational conditions as these are determined by Transfer System Manager, the Commerce Ministry, the Regulatory Energy Authority of Cyprus, EAC and the financers’ needs.
The wind parl will be constructed in Orites, among the villages of Pano Archimandrita, Kouklia, Souskiou and Fasoula of Paphos. It will comprise of 41 wind generators of 2.0MW each, it will be built by the Danes and will be one of the largest in Easter Mediterranean. The construction activities will be completed in late 2010.
One of the financiers is the European Investment Bank with €65 million, as well as a corporate cooperation of other international banks. The involvement of significant investors and their interest in funding the project show that the development of a wind park in Cyprus is a profitable project.
The energy that will be produced by the wind park will be injected to the transfer system and will be bought by EAC at a price that will be determined in the plan.
The area will host a new sub-station of transfer of 132kV, which will be connected with the existing sub-stations in Polemidia and Anatoliko. The sub-station will be constructed by the investor and will be transferred to EAC. According to the existing policy for the promotion of Renewable Sources of Energy, the expenditure against connection projects is shared out between the Producer and the Owner of the Transfer System by 50%-50%.
The announcement also stresses that the operation of the first wind park will put the bases in order to meet the target of energy production from renewable sources of energy by 13% until 2020.
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