Greece's official investment promotion agency Invest in Greece, said finance for the project had already been agreed and that work was scheduled to commence soon. Evia, located in the Aegean Sea and close to the mainland, is the second most populated island after Crete.
The project will become Greece's biggest wind farm.
Local press reports suggest Enel and Kopelouzos has secured the backing of the Paris-headquartered Euler Hermes credit insurance company, which is going to insure the bank loans. Enercon will provide the wind turbines.
Recently, Enel Green Power's CEO Francesco Starace said Enel trusts the Greek market and the company will continue investing in Greece.
Although Greece's financial situation remains difficult, Starace said Enel's reputation abroad has enabled it to secure the backing of international credit insurance companies, thus get bank loans.
The Greek Regulatory Authority of Energy (RAE) told Windpower Monthly it has approved the Kafireas project and that all other relevant license applications (e.g. the environmental one) have also been approved. From a licensing point of view, RAE said the project is ready to commence.
An Enel Group spokesman refused to disclose any comments about the project. Although he confirmed Enel has a 289 MW installed capacity in Greece of which 199 MW is wind.