The energy ministry is preparing legislation for offshore wind farms, to define areas that will be made available for development and also involve power grid operator IPTO for grid connections of these facilities via regional hubs.

The ministry intends to include this framework to legislative revision for a second round of RES licensing simplification as well as energy storage development.

This legislative bill promoting three green energy fronts could be presented to the cabinet as soon as this Thursday.

Speaking at yesterday’s UN COP26 summit talks on climate change, Greek Prime Minister Kyriakos Mitsotakis reiterated Greece’s objective to play a leading role in offshore wind farms through the installation of 2 GW by 2030. This ambitious objective was definitely intended as a signal to domestic and international investors.