Motor Oil and Τerna Energy Groups are jointly developing the first offshore wind farm (OWP) in Greece.

According to the relevant announcement, in this context, the procedures for the participation of Motor Oil Group, through its subsidiary Motor Oil Renewable Energy (MORE), with a 50% stake in the share capital of "Aeoliki Provatas Traianoupolis," a subsidiary of Terna Energy Group, have been completed. 

"Aeolika Provatas Traianoupolis" has the right to develop a 400 MW pilot wind farm in the sea area south of Alexandroupolis and north of Samothrace.

According to the announcement, this pioneering landmark project, which is scheduled for completion by the end of the current decade, will be the first of its kind in Greece, contributing substantially to the success of the implementation of the National Programme for the Development of Hydropower.

Moreover, it will highlight the benefits of the SIAs to the national and local economies, as well as the harmonious coexistence of SIAs with sectors such as shipping and tourism.

Through their cooperation for the development of the first offshore wind farm in Greece, Motor Oil and Terna Energy Groups are strengthening their footprint in the domestic production of clean energy and implementing their environmental commitments, while at the same time actively promoting sustainable development and the country's energy transformation, the announcement said.