Tough offshore wind farm competition, action needed

The Greek government appears determined to ramp up its plans for offshore wind farm development so that positive momentum generated by announcements made so far does not go astray.

The endeavor is extremely complex, its target for 1.9 GW in six regions by 2030 is very pressing, while competition between countries to attract investments in this sector is intensifying.

Greece faces tough competition from Europe’s north and must convince major foreign companies that it means business.

Speaking at an energy ministry conference yesterday, deputy energy minister Alexandra Sdoukou noted that acceleration and hard work is needed, calling on sector experts, technocrats and companies to coordinate with EDEYEP, the Hellenic Hydrocarbons and Energy Resources Management Company, overseeing the effort, in order to complete, within 2024, preparations for delivery of small and large-scale projects.

Also, it would be ideal, according to the deputy minister, to launch tenders for wind and seabed surveys in 2024, so that the ensuing contractors may begin conducting these studies early in 2025 for delivery in 2026.

This would enable authorities to announce, also in 2026, tenders offering investors licenses for six selected offshore areas, a development that could make the 1.9-GW target by 2030 achievable, the deputy minister pointed out.