RWE forges Greek offshore wind links

RWE forges Greek offshore wind links

JV set up with Hellenic Petroleum Holdings renewables subsidiary to build and operate projects off Greece

4 July 2022 Offshore Wind [Image: RWE]

RWE and Hellenic Petroleum Holdings, through their subsidiaries RWE Renewables and HELPE Renewables are joining forces to jointly explore offshore wind opportunities in Greek waters.

The 50:50 partnership aims to collaborate on the development, construction and operation of offshore wind farms off the Greek coast.

HELPE Renewables chief executive George Alexopoulos said: “The cooperation with RWE Renewables, a global leader in offshore wind, constitutes an important element in the implementation of our ‘Vision 2025’ strategic transformation process of the Group.

“In particular, this initiative is expected to make a significant contribution to the realisation of the Group’s strategic target of 2GW of installed renewables capacity by 2030.

“We believe that our country has excellent potential for the development of a thriving offshore wind sector and we aim, together with our partner RWE, to lead this effort.”

RWE Renewables offshore wind chief executive Sven Utermohlen said: “The country’s excellent wind resource in combination with its long coast line result in a vast potential for offshore wind developments, which makes us confident that the Greek offshore wind industry will gain real momentum.

“The complementary nature of our partnership with Hellenic Petroleum is the key to developing a value proposition that accelerates the offshore wind build-out off the Greek coast.

“Hellenic Petroleum is deeply rooted locally and shares our ambition to drive the growth of offshore wind. Combined with RWE’s track record of more than 20 years in developing, constructing and operating offshore wind projects, we are well placed to supply competitive green energy from offshore wind to the Greek market.”

RWE Renewables Hellas chief executive Costas Papamantellos said: “RWE is already present in Greece and offshore wind expands on our solar footprint.

“We are committed to continue playing an important role in Greece’s energy transition, and we are very excited to also form a partnership with Hellenic Petroleum to develop wind farms off the Greek coast.”