Greece had aimed to develop 1.9 GW of offshore wind capacity by 2030, but progress has stalled. The key framework for this plan, the National Development Program, is still awaiting formal approval despite the joint ministerial decision being finalized in October 2024. Nearly a year later, no additional steps have been taken.
Consequently, auctions for the first offshore wind farms are now delayed until at least 2028, missing the Energy Ministry’s original target of 2026. This postponement puts the ambitious 2030 goal at risk and raises doubts about its achievability.
Market analysts warn that the ongoing deadlock is undermining investor confidence, even though Greece benefits from some of the Mediterranean’s strongest wind resources. While offshore wind projects globally are being reassessed, the sector remains active, and Greece risks lagging behind other countries.
To move forward, swift government action is essential. This includes ratifying the National Development Program without delay, approving the necessary environmental and technical studies, and establishing a special-purpose vehicle to manage project delivery. Only then can the offshore wind rollout gain the momentum needed to meet Greece’s energy ambitions.
