The European Investment Bank (EIB) has expressed strong interest in financing offshore wind projects in Greece, recognizing the significant potential of this sector across Europe. The EIB is prepared to support the growth of offshore wind energy in Greece and facilitate initial investments to tap into the country’s abundant offshore wind resources.
The development of Greece’s first offshore wind projects is expected to gain momentum with the forthcoming approval of a joint ministerial decision. In parallel, the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) is preparing to collect data for the initial project sites through a special-purpose vehicle. These sites will be selected from five to seven eligible offshore areas, including regions near Psara and Chios, Crete, Gyaros, Donousa, Evia, Rhodes, and the Gulf of Patras.
The first auctions for offshore wind farm areas in Greece are expected to take place in 2027, with six areas off Crete, Gyaros, Rhodes, and Evia considered the most likely candidates for offering to investors. These efforts are part of Greece’s broader strategy to develop an offshore energy portfolio of 1.9 GW by the end of the decade.
