The collaboration between Terna Energy and Motor Oil on developing Greece’s first offshore wind project, “Aioliki Provata Traianoupoleos,” represents a significant advancement for the country’s renewable energy landscape. With a planned capacity of 400 MW, this pioneering project will be situated in the sea area south of Alexandroupolis and north of Samothrace, and aims to be completed before 2030. This initiative not only aligns with Greece’s National Offshore Wind Farm Development Program but also exemplifies the companies’ commitment to environmental sustainability.
Terna Energy, a subsidiary of the Masdar Group, is at the forefront of this ambitious project. Currently, the company manages 2,500 MW of energy projects, spanning operational, under-construction, and ready-for-construction stages in Greece. Through its investments in clean energy production and storage, Terna Energy aims to increase its total installed capacity to 6 GW by 2030. This substantial growth highlights the company’s dedication to fostering a green energy future and helping Greece meet its renewable energy targets.
In parallel, Motor Oil Renewable Energy (MORE), a subsidiary of Motor Oil Group, has solidified its position in the renewable power generation sector. In 2022, MORE bolstered its wind energy portfolio by becoming the owner of the second-largest collection of wind energy assets in Greece. Alongside its existing wind and solar projects, this acquisition has cemented MORE as one of the nation’s leading producers of renewable energy. Their extensive portfolio and strategic investments underscore Motor Oil’s commitment to sustainable energy solutions.
The joint effort by Terna Energy and Motor Oil to develop Greece’s first offshore wind project marks a pivotal step towards harnessing clean energy. By supporting national initiatives, this project positions both companies as key players in the renewable energy sector. The anticipated completion of the project by 2030 is expected to set a precedent for future offshore wind developments in Greece, potentially leading to broader adoption and innovation within the industry.