OCEAN WINDS and TERNA ENERGY forge floating collaboration
OCEAN WINDS (OW, a Joint
Venture between EDP Renewables and ENGIE) and TERNA ENERGY have signed
a collaboration agreement to co-develop floating offshore wind projects
in the Greek seas.
OW and TERNA ENERGY will join forces to identify the most suitable areas
and consequently develop a pipeline of projects in excess of 1.5 GW with
a consistent development roadmap rolled out throughout the current decade.
OW has a portfolio composed of 1.5 GW under construction and 4 GW under
development, and with the target of reaching 5 to 7 GW of projects in operation
or under construction and 5 to 10 GW in the advanced development stages
by 2025. OW's portfolio includes bottom-fixed and floating offshore wind
projects under development, construction, and operation located in
several markets across Europe, North America and Asia.
TERNA ENERGY has more than 1.8 GW in operation, under construction or ready
for construction in Greece and abroad. A flagship project for the company
is the investment in a wind farm in the Greek territory, the semi-offshore
project of St. George Island. The company developed, constructed and is
currently operating it.
Spyros Martinis, CEO of Ocean Winds, said: “We are proud to announce
our strategic partnership with TERNA ENERGY that makes a substantial contribution
to our growth strategy in new but promising markets as Greece. At the same
time, the sound and international experience of OW in conjunction with
TERNA ENERGY´s local presence and leadership place this consortium into
the pole position.
"We have been monitoring the strong fundamentals of the Greek offshore
market and its potential to become one of the most important in the Mediterranean
Sea. The ambitious RES targets, excellent wind conditions, growing grid
availability and strong industrial and maritime tradition are a few of
the key elements that confirm the market´s attractiveness."
George Peristeris, Chairman of TERNA ENERGY, said: “TERNA ENERGY, in
our long commitment to provide clean and renewable energy in Greece, has
identified that the next step towards sustainability is the development
of offshore wind farms. Floating offshore wind is ideal for the Greek seas,
due to their depth and unique characteristics.
"To that end, TERNA ENERGY is proud to announce the strategic partnership
with OW, whose unparalleled experience in the offshore wind sector and
the development of floating wind farms will help us establish this new
sector in the Greek energy market.
"Together, we will be able to provide the Greek energy sector with
the necessary capacity of sustainable energy to achieve our national
energy targets. At the same time, we will add value to multiple economic
sectors of the local economy, by providing new investments in shipyards,
ports grid interconnections and other sectors that will boost the local
economy and create multiple direct and indirect jobs.”