Ancala Partners closes acquisition of 82 MW Orites wind park

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

Operational since 2011, the Orites wind farm comprises 41 Vestas V90-2MW wind turbines and produces around 5% of Cyprus’s entire electricity generation capacity. All electricity generated is exported to the grid through a long term Power Purchasing Agreement (PPA) with Electricity Authority of Cyprus (EAC), the government-backed operator responsible for transmission, distribution and supply across the island. The asset has a fixed rate tariff with the Cypriot government until 2031.

The asset, which has been developed and constructed by Platina Energy Partners and a local entrepreneur, uses well-established, low-complexity technology comprising turbines installed and maintained by the world’s largest manufacturer, Vestas.

The acquisition was made by funds managed by Ancala. Terms of the transaction were not disclosed.