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Cyprus

Cyprus

Cyprus latest European country to enter wind business

The first turbines in Cyprus are due to start turning next year as the island becomes the latest European country to develop wind power. The 12 MW plant is being built by Wincono Cyprus, a joint venture between local developer Ketonis and Germany's Wincono, at Mari on the southern coast of Larnaca district, where wind speeds average a modest 4.9 m/s. Financing will come from a mix of bank loans and local private investors and the project has also qualified for Clean Development Mechanism (CDM) status under the Kyoto Protocol. "CDM status and the additional income from sale of certified emission reductions increased the financial attractiveness of the project and will help secure funding," says Sylvia Trabert of Wincono Cyprus. The company plans to install eight Vensys 77 turbines built under licence by CKD Nové Energo in the Czech Republic, with delivery scheduled for spring 2008. Wincono Cyprus is also developing a 31.5 MW project at Alexigros, eight kilometres south-west of Larnaca, with more favourable winds of around 6 m/s. Assuming it receives the final siting permit from the district authorities, the company hopes to get finance in place by the end of the year and start construction in 2008, for completion in 2009. Again, it intends to install Vensys 77 turbines and the project has qualified for CDM status. Wincono Cyprus has a further five projects totalling 140 MW at various stages of development.

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