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POWER: Greece May Revise Offshore Wind Strategy, Pause 20 Floating Wind Projects

POWER
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Greece could be revising its offshore wind strategy and pause plans for over 20 floating wind farms to await cost reductions and more favourable market conditions, the energy ministry sources said, cited by EnergyPress.

  • The energy ministry stresses that setting the wrong price now could lock authorities into unfavourable rates for 20-25 years.
  • As a result, the offshore wind farm capacity target of 1.9 GW by 2030 may be revised based on project costs.
  • However, the government will move forward with 600MW of offshore pilot projects in Alexandroupoli.
  • Terna Energy-Motor Oil consortium and PPC are conducting wind-analysis, geophysical, and geotechnical surveys for the pilot projects.
  • PPC, through its PPC Renewables subsidiary, holds a license for a 216MW offshore wind farm in the region.
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Greece could be revising its offshore wind strategy and pause plans for over 20 floating wind farms to await cost reductions and more favourable market conditions, the energy ministry sources said, cited by EnergyPress.

  • The energy ministry stresses that setting the wrong price now could lock authorities into unfavourable rates for 20-25 years.
  • As a result, the offshore wind farm capacity target of 1.9 GW by 2030 may be revised based on project costs.
  • However, the government will move forward with 600MW of offshore pilot projects in Alexandroupoli.
  • Terna Energy-Motor Oil consortium and PPC are conducting wind-analysis, geophysical, and geotechnical surveys for the pilot projects.
  • PPC, through its PPC Renewables subsidiary, holds a license for a 216MW offshore wind farm in the region.