DEME and Greek renewable energy developer Faria have entered into an agreement to explore and co-develop offshore wind farms off Greece.
DEME Faria Renewables have signed a cooperation agreement, recognising the “unique potential” for growth in the offshore wind industry in the Mediterranean Sea and the evolving market, both companies aim to play a significant role in the region.
DEME and Faria Renewables will join forces, drawing upon their track records and expertise, to comprehensively assess Greece’s maritime area, identifying optimal sites for offshore wind farm development.
They will conduct in-depth research and exploration, engaging with stakeholders and local communities.
Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions.
In support of these goals, the Greek government recently announced the draft “National Offshore Wind Farms Development Programme” which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA).
The programme defines eligible Organised Development Areas and estimates a capacity of approximately 4.9GW of offshore wind projects that can be developed in the mid-term (up to 2030-2032), excluding the marine area between Evros-Samothraki which is designated for pilot offshore wind farm projects.
As well as this, the programme estimates that a capacity of around 12.4GW could be developed in the longer term (after 2030-2032).
President and chief executive at Faria Renewables Thalia Valkouma said: “I am thrilled to announce our cooperation with DEME, one of the world’s leading offshore wind companies with operating projects and projects under development globally.
“We are confident that this partnership will leverage the capabilities and experience of both companies, working together towards a sustainable and greener future.
“Our involvement in the development of offshore wind projects is now taking a significant step forward, and we are excited to contribute to the mid- and long-term expansion of the offshore wind sector in our country, helping Greece achieve its goals and transforming into a major energy producer and exporter.
“Our targets for green and sustainable renewable energy as a means to fight climate change and reduce CO2 emissions are now closer to being achieved.”
DEME Concessions general manager Kristof Van Loon added: “DEME is delighted to be contributing to the development of Greece’s offshore wind market, which we believe holds immense potential.
“Teaming up with Faria Renewables, a company that shares our commitment to a sustainable future and recognises offshore wind as a cornerstone of Greece’s clean energy transition, is an exciting step forward.”