Greece has immense potential for offshore wind energy produced by both fixed-bottom and floating technology. Earlier this year, the Ministry of Environment and Energy of Greece created a high-level plan and new law on the development of offshore wind power in the country.
These were approved by the Greek parliament in July 2022. The European Bank for Reconstruction and Development (EBRD) supported the ministry throughout the process, providing technical assistance on the legal and regulatory framework for offshore wind energy development. The law will promote competitiveness through an auctioning system, fostering cost efficiency and the development of innovative technologies, including fixed-bottom and floating offshore wind. Greece’s National Energy and Climate Plan (NECP) envisages a total of 2GW of offshore wind energy by 2030. In the coming months, the Greek government will adopt a series of decrees setting out processes such as site selection, spatial planning and licensing/permitting.