Wpd Enters Greek Wind Energy Market, Eyes Offshore Opportunities

Wpd announced on 5 May that it set up two companies in Greece to develop wind and solar energy projects in the country, and is looking for opportunities to also expand its offshore wind portfolio.

Through its companies – wpd solar Hellas and wpd Hellas onshore – wpd is taking up project development activities in the wind and solar sectors at its Athens location with the support of the German wpd team, the company said.

“As one of the world’s leading companies in offshore wind energy, wpd intends to leverage its vast experience in this sector and is looking for opportunities to expand its portfolio in Greece”, the company added.

“We are open to cooperations and opportunities in the Greek market”, said Constantinos Faitatzoglou, Head of project development at wpd solar Hellas, whom the company also named as a contact person for offshore inquiries.

Greece is slowly getting onto the offshore wind map with first companies gauging project potential in the country and the government looking to establish a framework for offshore wind development.

Furthermore, with the EU’s offshore wind target of 300 GW by 2050, Greece, together with other Member States, is encouraged to tap into its offshore wind resources.

This January, the Greek wind energy association ELETAEN launched public consultation for a legislative framework for the development of offshore wind, after the Greek government announced that it was considering a new legislative framework for offshore wind last summer.

This March, Ocean Winds (OW), a joint venture between EDP Renewables and ENGIE, signed a collaboration agreement with the Greek renewable energy company Terna Energy to co-develop floating offshore wind projects in Greece. The companies said they were joining forces to identify the most suitable areas and consequently develop a pipeline of projects in excess of 1.5 GW, with a consistent development roadmap rolled out throughout the current decade.

Photo: wpd; Illustration