RWE and Hellenic Petroleum to develop offshore projects in Greece

RWE, a German energy company and Hellenic Petroleum Holdings, a Greece-based oil firm have agreed to jointly explore offshore wind opportunities in Greece. Through their respective subsidiaries, RWE Renewables and HELPE Renewables, the companies collaborated to develop, construct, and operate wind farms off the coast of Greece.  The partnership comes as Greece plans to have 2 GW of operational offshore wind capacity by 2030.

To construct offshore wind facilities, the collaboration is anticipated to make use of the strengths of the two companies. As the developer and operator of 18 offshore wind farms across five nations, RWE will provide its technical and commercial expertise, while Hellenic Petroleum will share its understanding of the Greek and regional energy markets.

In June 2022, RWE signed an agreement with Siemens Gamesa to deliver offshore wind turbines for its FEW Baltic II offshore wind project in Poland. Siemens Gamesa would deliver 25 SG 14-236 DD wind turbines for the 350 MW project. A service agreement is also included with the order. Construction on the site is expected to start as early as 2024, depending on the final investment decision.

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