“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,” said Ocean Winds chief executive Spyros Martinis.

"Ambitious renewable energy targets, excellent wind conditions, growing grid availability and a strong industrial and maritime tradition are some of the key elements that confirm the attractiveness of the Greek market," Martinis added.

Ocean Winds, a joint venture between EDP Renewables and Engie, has agreed to collaborate with Terna Energy, a renewable energy developer, on the development of a floating offshore wind project in Greece.

“Together, we will be able to help the Greek energy sector achieve national energy targets. At the same time, we will add value to multiple sectors of the economy, providing investment in shipyards, ports, grid interconnections and other sectors that will create multiple direct and indirect jobs,” commented Terna Energy chairman George Peristeris.

Maritime Business World