Greece is developing projects for floating wind power plants

The national program for the development of floating wind farms creates great expectations in Greece, Kathimerini writes. Foreign and local investors recognize the high quality of the work of the Hellenic Company for the Management of Hydrocarbons and Energy Resources (EDEYEP). The Greek Ministry of Energy supports the rapid implementation of the program, with studies and licensing taking place simultaneously. Investors rate the developing Greek market as one of the most attractive for offshore wind projects.

The national program mainly concerns floating wind farms, a technology that is still at a fairly early stage and therefore very expensive, so the costs and implementation of the projects are directly linked to the development of the local supply chain. Market experts emphasize that without a local supply chain, no project can be realized until 2035 at the earliest.

A prerequisite for this is the development of a secondary market, which in turn must rely on a critical mass of projects to guarantee its sustainability. To address this dual challenge, EDEYEP and the Greek Ministry of Energy are starting the implementation of two floating wind farms as pilot projects that will help potential investors make investment decisions./BGNES