Wind Energy – Greece
Corio Generation and Globalsat Group have signed a partnership agreement to explore opportunities for offshore wind development in Greece.
Corio combines its expertise in auction preparation and project development with Globalsat’s deep knowledge of the country’s regulatory and economic framework.
Under the Memorandum of Understanding (MoU), Corio and Globalsat will work together to assess potential areas for the development of offshore wind farms, conducting engineering studies and research into relevant wind, metocean and marine conditions.
Benefitting from Globalsat’s long-term presence in the Greek market in the fields of technology and green energy, as well as its experience with national regulatory and energy authorities, the two companies will assess any official tender opportunities that arise with a view to bidding for rights and progressing developments to completion.
The opportunity for offshore wind development in Greek waters is expected to increase in the coming years.
Greece has attractive conditions for renewable energy generation through offshore wind, while on 31 October the Greek government set out its ambition to deliver at least 4.9 GW of offshore wind energy capacity by 2030-32 as part of its National Energy and Climate Plan (NECP). That ambition stretches to a potential 12.4 GW of capacity, spread across as many as 25 identified sites, after the 2030-32 horizon.
Corio Generation is one of the world’s leading offshore wind developers, with projects across the globe including the recently-awarded Attentive Energy One project in New York. It has multiple projects underway in Europe and is actively exploring opportunities in the southern Europe region, including in Portugal and Greece.
The partnership with Globalsat, a leading Greek company operating in the technology sector for more than 20 years, exemplifies the two partners’ commitment to accelerating the development of offshore wind projects in Greece, contributing to a more sustainable energy mix and a brighter future for generations to come.
