Wind Parks in Greece

InterPhoton Group of Companies has acquired the production license for construction of a wind park 20 MW in the region of Spithari in Voiotia, Central Greece. The Group has proceeded to the installation license procedure, which is expected to be issued until March 2014. All the wind measurements and the evaluation reports of the specific place indicate a very good prospect of o high energy yield for the wind park which is going to be constructed. The place is about two hours distance from Athens and our Group is negotiating all the possible ways of financing and developing the park, either by itself either by participating in cooperative schemes with another company or organization.

Our Group owns also a procuction license in a region adjacent to the wind park of Spithari. The wind position named Axladitsa is intended for a wind park of 18 MW total power capacity. The wind measurements are equivalent to the wind park Spithari, having installed a seperate meteorological mast and having followed all the standard procedures for the certification of the wind measurements by the Greek Hellenic Association of Certification. Our Group estimates the issuance of the installation license until March 2014, as in the case of wind park Spithari. The parks are in the stage of environmental licensing, including various authorities, the most of which have already approved the applications.

The third adjacent wind park is located in region of Ntalamakh and is 12 MW total power capacity. The three wind parks are positioned in a range of 10 km distance and all of the projects could be considered as one general project of 50 MW. Our Group estimates all the installation license to be issued until March 2014 and is searching for all the possibilities of implementing this project and finance it. The connections terms which have been edited connect all of the projects to the same grid line and all of the licensing procedures are proceeding silmutaneously. Our Group is optimistic that in the near future we will be ready to implement the 50 MW Wind Project and expand our investing in wind energy in Greece.