DEME considers the prospect of constructing offshore wind farms in Greece.
DEME, an offshore wind contractor based in Belgium, and FARIA Renewables, a Greek renewable energy developer, have entered into a collaboration agreement, paving the way for the potential joint development of offshore wind farms in Greece.
Established this summer, FARIA Renewables is aspiring to build an offshore wind and green hydrogen portfolio of at least 5 GW. The company aims to achieve this ambitious international target through strategic partnerships.
In July 2023, FARIA Renewables was founded through a collaboration between FARIA Group, a well-established Greek renewable energy developer, and Capenergie 5, the fifth generation of OMNES, a private equity firm committed to energy transition and innovation.
As per a July press release, FARIA Renewables aims to emerge as a prominent Independent Power Producer (IPP) in the Greek renewable energy sector and extend its influence internationally.
Under the agreement with DEME, FARIA Renewables and its Belgian partner will explore opportunities and co-develop offshore wind farms in Greece, starting with assessing the country’s maritime area and identifying optimal sites for offshore wind farm development
In their collaborative efforts, the partners plan to undertake thorough research and exploration, actively involving stakeholders and local communities. Concurrently, they aim to foster synergies with the domestic supply chain, with the ultimate goal of cultivating successful and competitive projects, as stated in DEME’s press release on December 7th.
In October, the Greek government released the draft National Offshore Wind Farms Development Programme, under the supervision of the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA). This program encompasses 25 proposed offshore areas, predominantly conducive to floating wind technology.
“We are confident that this partnership will leverage the capabilities and experience of both companies, working together towards a sustainable and greener future,” said Thalia Valkouma, President and Chief Executive Officer at FARIA Renewables. “Our involvement in the development of offshore wind projects is now taking a significant step forward, and we are excited to contribute to the mid- and long-term expansion of the offshore wind sector in our country, helping Greece achieve its goals and transforming into a major energy producer and exporter.”
The program outlines the eligible Organized Development Areas (ODA) and projects the capacity of offshore wind projects feasible in the mid-term (up to 2030-2032) and the long-term (post-2030-2032). By 2030-2032, the program designates ten eligible areas for development, boasting a cumulative capacity of around 4.9 GW, primarily allocated for floating projects.
In the long term, the minimum capacity of offshore wind that would be developed across all areas is estimated at 12.4 GW.
You can read the source article on https://www.offshorewind.biz/
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