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Greece's Ministry of Environment and Energy has raised the country's offshore wind target to 2.35 GW, up from the 1.9–2 GW outlined in its National Energy and Climate Plan (NECP), marking another milestone in the development of the country's offshore wind sector.
The new ministerial decree also allocates planned capacity across Greece's marine zones. Thrace will host 600 MW of pilot projects, while Crete has been allocated 250 MW and the Dodecanese Islands 500 MW.
A further 500 MW is planned around the Cyclades and within the Gulf of Euboea, while the Gulf of Patras has been allocated 200 MW. The decree also identifies the grid connection points for future offshore wind farms.
Following a long delay, the ministry has outlined the framework for the upcoming offshore wind auctions, where developers will compete for Contracts for Difference (CfDs).
The 600 MW of pilot projects in Thrace will be the only exception, as they will be supported through feed-in tariffs instead of the CfD mechanism.
The ministry also decided not to introduce a dedicated curtailment protection mechanism for offshore wind projects, meaning they will be subject to the same curtailment rules as other renewable energy technologies.
The decree also provides for the creation of a Special Purpose Vehicle (SPV) under HEREMA, which will be responsible for conducting wind resource and seabed surveys for future offshore wind projects.
According to Energypress, several investors have expressed interest in becoming shareholders in the SPV, including Greece's Independent Power Transmission Operator (IPTO/ADMIE), cable manufacturers, and financial institutions.
Under the current plan, the SPV must complete all required surveys before the offshore wind auctions are launched.
Beyond increasing offshore wind capacity, the new framework represents an important step in Greece's transition toward a more diversified and low-carbon energy system. By providing greater clarity on project locations, support mechanisms, and grid connections, the decree is expected to strengthen investor confidence and accelerate project development.
At the regional level, the initiative further reinforces Greece's position as one of Southeast Europe's leading renewable energy markets. It is also expected to support the expansion of offshore wind across the region, strengthen energy security, increase clean electricity generation, and advance integration with the European electricity market.
