×
Language

Platina structured and constructed the first and largest wind farm in Cyprus with 82MW

Business

Orites is an 82MW onshore wind farm located in Paphos district in Cyprus. It was the first large scale private investment in the energy sector in Cyprus and the first renewable project. Platina worked with its local partners to develop the wind farm and has been operating it since 2011.

Platina and its local partner started developing solar projects in 2018.

Ambitions

Cyprus needs more renewable energy to meet its 2020 targets and projects’ fundamentals are strong. The electricity price is one of the highest in Europe and solar resource is exceptional. Platina continues to see value in the sector.

Achievements

Platina pioneered renewable in Cyprus, successfully project financing and building the Orites wind farm. The financing is provided by the European Investment Bank as well as three commercial banks. Orites plays a key role in the Cypriot energy mix and accounted for 23% of the renewable production in 2018.

 

Related team member