DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece.

Recognising the unique potential for growth in the offshore wind industry in the Mediterranean Sea and the evolving market, both companies aim to play a significant role in the region.

Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft ‘National Offshore Wind Farms Development Programme’ which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA).

The programme defines eligible Organised Development Areas and estimates a capacity of approximately 4.9 GW of offshore wind projects that can be developed in the mid-term (up to 2030-2032), excluding the marine area between Evros-Samothraki which is designated for pilot offshore wind farm projects.

As well as this, the programme estimates that a capacity of around 12.4 GW could be developed in the longer term (after 2030-2032).