A draft bill including a development and operation framework for offshore wind farms has been forwarded for consultation, now underway. The development paves the way for a first auction for the sector, expected by early 2025 and seen offering investors tariffs for a total capacity of more than 2 GW.
Prime Minister Kyriakos Mitsotakis has set an objective for a launch of the country’s first offshore wind farms by 2030.
The number of offshore plots to be offered to investors at the first auction remains undetermined at this early stage. But authorities will strive to offer a sufficient number of offshore plots to ensure the achievement of Prime Minister’s objective of a 2-GW total installed capacity for the sector by 2030.
This capacity target could be boosted if National Energy and Climate Plan (NECP) revisions require a greater number of wind energy capacity installations by the end of 2030, as part of the country’s effort to reduce carbon emissions.