Vestas with New Order for 82 MW in Cyprus

Vestas has received an order for 41 units of the V90-2.0 MW wind turbine. The turbines will be used for the Orites project in Cyprus. The order includes delivery and commissioning of the wind turbines and also a five-year service and maintenance contract.        
The order has been placed by DK Windsupply Limited – a Cypriot-based development company founded by local entrepreneur Akis Ellinas in conjunction with Platina Partners, a London-based private equity group, active in the development, construction and operation of renewable energy projects across Europe.                                                                        

“With this order, we are further developing Vestas’ existing business          
relationship with Platina Partners in Europe. Moreover, we are taking a first  
big step in the Cypriot wind energy market with our V90-2.0 MW wind turbine    
which has a large track record in Europe,” says Juan Araluce, President of     
Vestas Mediterranean.

The Orites project will be situated in a mountainous area in the southwestern   
part of the island, close to the city of Paphos. The Vestas wind turbines are  
the first wind turbines to be installed in Cyprus. According to the EU targets1
Source: http://www.ecx.eu, the island has to reach the target of 13 per cent   
renewable energy in the electricity consumption by 2020.

Delivery of the turbines is scheduled to start during Q4 2009. The commissioning is expected to be completed in the summer of 2010.

With a total installed capacity of 82 MW and an estimated annual production    
128 GWh, the wind power plant will save the environment from almost 100,000 tons of CO2 emissions. Furthermore, the wind power plant will cover the annual
electricity consumption of approx. 25,000 Cypriot households.

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