
The first offshore wind farms in Greece are expected to start construction from 2028 onwards, provided the necessary institutional interventions are implemented.
The first offshore concessions for the development of floating or fixed base wind turbines will be in Thrace and Crete.
The above emerged from yesterday’s conference organized by the Hellenic Hydrocarbons and Energy Resources Management Company (EDEFEP), ELETAEN (wind power producers union) and Grant Thornton.
During the event, the general secretary of Energy and Mineral Raw Materials, Alexandra Sdoukou, announced that the first priority for the first round of marine land concessions for wind farms is Crete and one or two other areas. She repeated the provision of the law for the pilot block concession off Alexandroupolis.
The managing director of EDEYEP Aris Stefatos presented the schedule of initiatives and subsequent institutional interventions for the determination of concessions and tenders.
The roadmap
According to the roadmap, the National Offshore Wind Farm Development Plan is expected to be completed in May 2023, while in the third quarter of the same year, the submission of the technical studies for the determination of the organized marine offshore wind farms is expected.
In the first quarter of 2024, the presidential decree on organized parks will be issued.
In the first and second quarters of the same year, the submission and acceptance of the applications of prospective investors for the first round of concessions and the issuance of research permits is expected.
From the third quarter of 2024 to the third quarter of 2026, the investigations of the prospective investors in the marine concessions will be conducted.
The third to fourth quarter of 2026 will be followed by the public consultation on the installation areas of offshore wind farms and at the end of the same year the maximum power generation capacity will be clarified and determined
In the first quarter of 2027, Regulatory Authoity for Energy’s tender for the compensation of power producers will be announced.
In the first quarter of 2028, the results of the tenders will be finalized, the licenses will be issued and the connection contracts will be signed. In the third quarter of this year, the construction of the offshore wind farms will begin.
Investments
Ms. Sdoukou reiterated the goal of developing offshore wind farms with a total capacity of 2 GW by 2030.
The same study cited by Grant Thornton said that investments are estimated at 6.4 billion. euros including the entire chain of projects and the contribution to the economy, while it is possible that over 8,000 jobs will be created.


Latest News

Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region