Ocean Winds (OW), the joint venture between EDP Renewables and Engie, and renewables developer Terna Energy have signed a collaboration agreement to co-develop floating offshore wind projects in Greek waters
Terna Energy is a well-known player in the renewable energy market and has more than 1.8 GW of capacity in operation, under construction or ready for construction in Greece and abroad.
The companies share a common view of the potential for offshore wind in Greek waters and of a roadmap for the development of offshore wind in the country.
OW and Terna Energy have joined forces to identify the most suitable areas for offshore wind and plan to develop a pipeline of projects of in excess of 1.5 GW.
OW chief executive Spyros Martinis said, “We are proud to announce our strategic partnership with Terna Energy. It will make a substantial contribution to our growth strategy in new and promising markets. Our international experience and Terna Energy’s local presence will place us in 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. Ambitious renewable energy targets, excellent wind conditions, growing grid availability and a strong industrial and maritime tradition are some of the key elements that confirm the attractiveness of the Greek market.”
Terna Energy chairman George Peristeris said, “Terna Energy has identified that the next step towards sustainability in Greece is the development of offshore windfarms. Floating offshore wind is ideal for Greek waters, due to their depth and unique characteristics.
“Terna Energy is proud to announce this partnership with OW, whose experience in the offshore wind sector and the development of floating windfarms will help us establish this new sector in the Greek energy market.
“Together, we will be able to help the Greek energy sector achieve national energy targets. At the same time, we will add value to multiple sectors of the economy, providing investment in shipyards, ports, grid interconnections and other sectors that will create multiple direct and indirect jobs.”