Tuesday, 02 August 2022 13:55

Greece passes first offshore wind energy law

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As part of the National Energy and Climate Plan (NECP), the goal is to install at least 2 GW in offshore wind farms by 2030. Independent Transmission Operators (IPTOs) specialize in the research, installation and operation of interconnections. State-owned company Hellenic Hydrocarbon Resources Management will take over the process of developing offshore wind power. The first project is expected to be in Alexandroupolis, which has been designated as an offshore wind pilot area. Next, the Energy Regulator will start an auction, where each investor will submit an offer for each field for which they are licensed. Successful investors will have exclusivity within each area and the criteria will be based on the lowest bid.

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