The financial close for a portfolio of 111.35MW of wind farms in Greece was signed in December 2004 between Bayerische Hypo- und Vereinsbank (HVB) from Germany, Emporiki Bank from Greece and the Greek construction company Ktistor, a wind farm developer in Greece. The portfolio consists of four wind farms: two already under construction and two more scheduled for construction in 2005/06. Among other services, Lahmeyer International applied the numeric flow model KLIMM for wind studies in the mountainous terrain, carried out the technical due diligence and is monitoring the construction on behalf of the lenders. Vestas was appointed to supply 34 V90-3 MW and 11 V52-850 kW turbines. The civil and electrical works in the very complex terrain are being constructed by Ktistor Construction company and include three 150/20kV substations. The highlight of one relatively small wind farm is the average wind speed of more than 10m/s at hub height.