2008

Environmental Approval

Aeolian Dynamics is pleased to announce that following the necessary and appropriate environmental studies conducted at the proposed Agia Anna wind farm site, the Committee of the Ministry of Agriculture, Natural Resources and the Environment have given a favourable opinion to the project.

First Met Mast Installed

Aeolian Dynamics announces the installation of the first 42m met mast at Psevdas, near the proposed Agia Anna wind farm site in the district of Larnaca. It is intended that this will be the first of several met masts which will allow for a comprehensive wind study and the optimal micro-siting of one or two wind farms. Aeolian Dynamics has selected Enertec SA to perform the measurements as they are accredited by the Hellenic Accreditation System SA.

Land Lease Agreement

Today Aeolian Dynamics, through its 100% subsidiary TP Aeolian Dynamics Ltd, has signed a 33 year Land Lease Agreement with the Cyprus Ministry of Interior over a plot of land near Agia Anna in the district of Larnaca.