The EDP Renewables and Engie offshore wind joint venture Ocean Winds has signed a collaboration agreement with Terna Energy to co-develop floating projects off the coast of Greece.
The partners said they will identify the most suitable areas and develop a pipeline of projects in excess of 1.5GW with a consistent development roadmap rolled out throughout the current decade.
Ocean Winds chief executive Spyros Martinis said: “We are proud to announce our strategic partnership with Terna Energy that makes a substantial contribution to our growth strategy in new but promising markets as Greece.
“At the same time, the sound and international experience of OW in conjunction with Terna Energy´s local presence and leadership place this consortium into the pole position.
“We have been monitoring the strong fundamentals of the Greek offshore market and its potential to become one of the most important in the Mediterranean Sea.
“The ambitious RES targets, excellent wind conditions, growing grid availability and strong industrial and maritime tradition are a few of the key elements that confirm the market´s attractiveness.”
Terna Energy president said: “Terna Energy, in our long commitment to provide clean and renewable energy in Greece, has identified that the next step towards sustainability is the development of offshore wind farms.
“Floating offshore wind is ideal for the Greek seas, due to their depth and unique characteristics.
“To that end, Terna Energy is proud to announce the strategic partnership with OW, whose unparalleled experience in the offshore wind sector and the development of floating wind farms will help us establish this new sector in the Greek energy market.
“Together, we will be able to provide the Greek energy sector with the necessary capacity of sustainable energy to achieve our national energy targets.
“At the same time, we will add value to multiple economic sectors of the local economy, by providing new investments in shipyards, ports grid interconnections and other sectors that will boost the local economy and create multiple direct and indirect jobs.”