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The offshore wind farm of Terna Energy off Alexandroupoli will proceed with Motor Oil on board too.<\/p>\n
In a joint statement on Monday the two companies announced the completion of procedures for the participation of the Motor Oil group, through its subsidiary, More, with a 50% stake in the share capital of Aeolian Provata Traianoupoleos, a subsidiary of the Terna Energy group, which has the right to develop a 400-megawatt offshore wind farm in the sea area south of Alexandroupoli.<\/p>\n
\u201cThis pioneering landmark project, to be completed by the end of the decade, will be the first of its kind in Greece, substantially contributing to the implementation of the National Offshore Wind Farm Development Program. In addition, it will highlight the benefits of offshore wind farms to the national and local economy, and the harmonious coexistence of offshore wind farms with sectors such as shipping and tourism,\u201d the statement read.<\/p>\n
This is one of the two offshore wind farms that will be developed as pilot projects in the Alexandroupoli area. They will not follow the tender procedures provided by law for the remaining offshore projects in the national program. The second project, with a capacity of 216 MW, belongs now to PPC after its acquisition from the Copelouzos and Samaras groups. The two projects, with a total capacity of around 600 MW, will most likely be commonly developed at the construction stage too, following the joint conduct of the required studies (wind data, geophysical, geotechnical etc).<\/p>\n
According to information, the three groups have completed the studies and are finalizing the file with the Energy Ministry, in order to send the request to the Commission for the approval of operating aid, which will also give the green light for the investment decision. The joint development will enhance the performance of the two projects, given that in offshore wind farms size does matter.\u00a0<\/p>\n
The pilot parks of Alexandroupoli expand the cooperation between Motor Oil and Terna Energy, which began with the joint construction of a natural gas unit at Komotini (877 MW), to be put into trial operation soon. They also bring PPC closer to Motor Oil. The two companies have already collaborated in the RES and hydrogen sectors.<\/p>\n<\/p><\/div>\n