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RWE and Hellenic Petroleum Join Forces to Develop Offshore Wind in Greece

Essen, Germany - RWE and Hellenic Petroleum Holdings, through their respective subsidiaries RWE Renewables Gmbh and HELPE Renewables SA, join forces to jointly explore offshore wind opportunities in Greek waters.

Corresponding terms of the 50-50 partnership were signed recently between the two companies, with the aim to collaborate on the development, construction and operation of offshore wind farms off the Greek coast.

This partnership gains additional significance in light of Greece’s current target of 2 gigawatts (GW) of offshore wind capacity in operation by 2030 – for both fixed-bottom and floating projects.

RWE and Hellenic Petroleum possess complementary strengths and will enable the establishment of a competitive industry for offshore wind in Greece. RWE is a leading global player in renewables and determined to contribute its technical and commercial expertise gained from the realisation and operation of 18 offshore wind farms in five countries to forge ahead with offshore wind in Greece.

As one of the largest energy companies in the south-eastern European region, headquartered in Athens and present in six countries, Hellenic Petroleum has in-depth knowledge of the Greek and regional energy markets, strong relationships with key stakeholders and is well positioned to provide strong local management and expertise.

Source: IWR Online, 07 Jul 2022