EIB Supports Cyprus Energy Project

The

has allocated 65 million euros (USD94.49 million) to finance the first sustainable renewable energy project in Cyprus. Under the project, 41 turbines will be designed, constructed and operated in a wind farm owned by DK Wind Supply Ltd. near the country's Phapos region.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.