In a proactive move to enhance its renewable energy portfolio, Greece has initiated preparatory work for offshore wind projects despite the absence of formal approval for its National Offshore Wind Development Program. This decision reflects a strategic approach to expedite the development of renewable energy resources in the country.
The Ministry of Environment and Energy has introduced new provisions under draft legislation aimed at implementing the EU’s RED III directive, facilitating immediate commencement of wind and seabed surveys. This initiative is designed to hasten early-stage development and mitigate potential delays in expanding Greece’s offshore wind capacity.
The Hellenic Hydrocarbons and Energy Resources Management Company (EDEYEP) is slated to establish a special purpose vehicle by the second quarter of 2026. This entity will manage the wind and seabed surveys, which are expected to conclude by June, aligning with targets set by the EU Recovery and Resilience Facility. Upon completion, EDEYEP will identify optimal offshore zones for development, which will be officially published in the Gazette. These designated areas are anticipated to support approximately 1.9 GW of offshore wind capacity in the initial phase.
This approach effectively reinitiates concession preparations, even as the national offshore program remains unadopted. The overarching regulatory framework has faced stagnation for over a year due to the lack of a necessary joint ministerial decision, leaving critical development zones undefined.
<pThe Greek government appears to be leveraging this regulatory delay strategically, focusing on technical groundwork that will enable projects to advance once market conditions stabilize and costs decrease. Authorities emphasize that survey and permitting processes can extend up to two years, underscoring the importance of early preparatory actions.
Additionally, the draft legislation modifies plans for the Alexandroupoli offshore area, which is set to host 600 MW of pilot wind projects. This region will now require developers to undertake comprehensive environmental impact assessments instead of being included in the fast-track renewable framework. Key players in these pilot projects include PPC, TERNA Energy, and Motor Oil.
