With a continuously expanding grid and rising energy demand, Greece has become an increasingly important market for global renewable energy development. In line with the country’s overall economic recovery strategy, Greece now seeks to promote renewables, including offshore wind parks, to reduce its traditional reliance on fossil fuels and increase its share of clean energy sources.
The Greek government has made offshore wind one of its top priorities by implementing the first Offshore Wind Law that seeks to install at least 2 GW by 2030. Due to the deep waters, it is expected that the majority of the 2 GW shall stem from floating technologies. Hexicon has created a joint venture (JV); Hexicon Power SA, in Greece with the local company; EAMAA. This is a first step to start the development of offshore wind projects off the coast of Greece.