Monday 16 March 2020

Ancala Partners acquire the largest wind farm in Cyprus

Ancala, an independent infrastructure investment manager, has acquired the largest wind farm in Cyprus with an installed capacity of 82MW.

The Orites wind farm, comprising of 41 Vestas 2MW wind turbines, has been in operation since 2011 and is operated by Electricity Authority of Cyprus (EAC), a government agency responsible for the transmission, distribution and supply across the island.

All electricity generated is exported to the grid through a long term Power Purchase Agreement (PPA) with the EAC.

Commenting on the acquisition, Karen Dolenec, Partner, Ancala Partners LLP said: “We are delighted to have acquired this wind farm. 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."