Motor Oil Group and TERNA Energy Group are collaborating to develop
Motor Oil Group and TERNA Energy Group are collaborating to develop Greece’s first Offshore Wind Farm (OWF), marking a significant step forward in the country’s renewable energy initiatives.
As part of this partnership, Motor Oil Group, through its subsidiary Motor Oil Renewable Energy (MORE), has finalized the acquisition of a 50% stake in the share capital of “Aioliki Provata Traianoupolis,” a subsidiary of TERNA Energy Group.
This strategic move highlights both groups’ commitment to advancing Greece’s offshore wind energy sector and achieving the nation’s clean energy goals.
“Aioliki Provata Traianoupolis” has secured the rights to develop a pilot Offshore Wind Farm (OWF) with a capacity of 400 MW in the waters of the Aegean Sea just south of Alexandroupolis and north of the island of Samothraki.
This groundbreaking project, set to be completed by the end of 2030, will be the first of its kind in Greece, playing a pivotal role in advancing the National Offshore Wind Development Program.
It is expected to demonstrate the significant benefits of offshore wind energy for both the national and local economy, while showcasing its compatibility with sectors such as shipping and tourism.
Through their collaboration on this landmark Offshore Wind Farm project, Motor Oil
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