Photovoltaic Park for Sale with 20 year contract – 8% Return ~ EIC191

Property description:

Location: Nicosia, Cyprus
Sale Category: Income property
Property Type: Commercial Building
Price: Please Inquire for Price
Plot Area: 50.000m2
Criteria for Cyprus Citizenship-by-Investment Program: Yes

The price of selling electricity to EAC is fixed at € 0.089/kWh for the 20-year duration of the Project Lifetime. The contract may be extended for a further 5 years.

The Project was licensed under tender by the Special Fund for Renewable Energy Sources & Energy Saving in 2012 for the sale of energy of total power 50MW from photovoltaic parks.

Property Features:

• 10,000 Polycrystalline PV Modules, of 300 Wp power with 17.1% output
• 3 Integrated Central Stations, of power 1 ΜW
• Connection Substation according to the Designs & Specifications of EAC
• Exclusive Overhead Transmission Line for seamless connection to the MV Network of EAC
• Solid Beam Support System of Double Vertical Profiles constructed entirely from aluminium
• Electrical connections, wiring and equipment from Specialty Contractor
• Cash inflow – income: €580,000 (Years: 2016-2040)
• Average Annual Expenses: €50,000 (Rent, Maintenance, Insurance – Years: 2016-2040)
• Net cash inflow per annum: €530,000 (Years: 2016-2040)

Property Location:
The Project was constructed in an area of 50,000m2 in Nicosia area. The area of Malounda was selected as it is one of the areas with the largest quantity of solar irradiation in Cyprus.

Our company can assist clients with:

• Project management
• Property rental management