
The first offshore wind farms in Greece are expected to start construction from 2028 onwards, provided the necessary institutional interventions are implemented.
The first offshore concessions for the development of floating or fixed base wind turbines will be in Thrace and Crete.
The above emerged from yesterday’s conference organized by the Hellenic Hydrocarbons and Energy Resources Management Company (EDEFEP), ELETAEN (wind power producers union) and Grant Thornton.
During the event, the general secretary of Energy and Mineral Raw Materials, Alexandra Sdoukou, announced that the first priority for the first round of marine land concessions for wind farms is Crete and one or two other areas. She repeated the provision of the law for the pilot block concession off Alexandroupolis.
The managing director of EDEYEP Aris Stefatos presented the schedule of initiatives and subsequent institutional interventions for the determination of concessions and tenders.
The roadmap
According to the roadmap, the National Offshore Wind Farm Development Plan is expected to be completed in May 2023, while in the third quarter of the same year, the submission of the technical studies for the determination of the organized marine offshore wind farms is expected.
In the first quarter of 2024, the presidential decree on organized parks will be issued.
In the first and second quarters of the same year, the submission and acceptance of the applications of prospective investors for the first round of concessions and the issuance of research permits is expected.
From the third quarter of 2024 to the third quarter of 2026, the investigations of the prospective investors in the marine concessions will be conducted.
The third to fourth quarter of 2026 will be followed by the public consultation on the installation areas of offshore wind farms and at the end of the same year the maximum power generation capacity will be clarified and determined
In the first quarter of 2027, Regulatory Authoity for Energy’s tender for the compensation of power producers will be announced.
In the first quarter of 2028, the results of the tenders will be finalized, the licenses will be issued and the connection contracts will be signed. In the third quarter of this year, the construction of the offshore wind farms will begin.
Investments
Ms. Sdoukou reiterated the goal of developing offshore wind farms with a total capacity of 2 GW by 2030.
The same study cited by Grant Thornton said that investments are estimated at 6.4 billion. euros including the entire chain of projects and the contribution to the economy, while it is possible that over 8,000 jobs will be created.


Latest News

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite

Tax Filing in Greece Surpasses Expectations
Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025

Evangelos Marinakis: Proud of Diaspora Greeks, ‘Who’re All Together, United’
Marinakis, an Honorary Grand Marshal of the 86th Greek Independence Parade on Sunday, was touched by his contacts in New York City with members of the Greek-American community, where he spoke fondly of the Diaspora: ‘Twice as Greek, Twice over as Olympiacos fans'