Offshore windfarm framework published for consultation

The government has just published for consultation a draft bill concerning a framework for offshore wind farms. Its content offers priority to older licenses and applications.

Authorities aim to have the framework ratified as soon as possible so that procedures leading to the utilization of the country’s offshore energy wind potential can begin as soon as possible.

According to the draft bill, investors wanting to research specific offshore fields will need to submit permit applications to EDEY, the Greek Hydrocarbon Management Company. Applicants will need to meet technical and financial criteria.

Offshore fields will be transferred to investors offering the lowest bids for tariffs covering a 20-year period.

The energy ministry aims to have the draft bill ratified within July.