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New Joint Venture for floating offshore wind in Greece

Hexicon and Greek company EAMAA have created a joint venture called Hexicon Power to push for the development of floating offshore wind in the Mediterranian Sea.

Image: PixabayImage: Pixabay

The company awaits a new legal framework for offshore wind off the coast of Greece which is due later this year. “Greece has great potential for floating offshore wind power with some of the best winds in Europe”, says Marcus Thor, CEO at Hexicon. “This is an important strategic move for us. We see great opportunities in Greece as they embark on the journey from fossil-fuels to renewables.”

With a continuously expanding energy grid and rising energy demand, Greece has become an increasingly important market for global renewable energy development. In line with the country's overall economic recovery strategy, Greece now seeks to promote renewables, including offshore wind farms, to reduce its traditional reliance on fossil fuels and increase its share of clean energy sources.?The government has made green energy one of its top priorities by implementing a new national plan and setting some of the most ambitious goals in the EU, such as generating 60% of its electricity mix from renewable sources by 2030. 

The joint venture is a starting point for working together on several projects that will complement each other. Hexicon is set to provide input from its unique experience from existing projects in this new and exciting market.
“We hope that Hexicon’s advanced technology in floating wind power will be a strong driving force in supporting Greece’s clean energy future. Our floating wind technology can produce high energy output with limited environmental impact. Greece has enormous opportunities in offshore wind and we are committed to assisting the country reaching its full potential,” says Thor.

Windfair Editors
Hexicon, Greece, EAMAA, joint venture, Mediterranian Sea, coast, floating, offshore, wnd farm, government, legal framework

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