Renewable Energy

      What we do

      Renewable energy is one of the priority areas of the Netherlands in Greece. We have a network of key Greek and Dutch stakeholders, ranging from subject matter experts, public sector representatives and businesses and we actively promote trade & knowledge collaboration among the network.

Trade promotion and offshore wind

  • Offshore wind is considered a game-changer for Greece's energy independence. The Greek government has set a target of 1.9 GW of operational offshore wind capacity by 2030. The target for 2045 is even 17 GW. Currently, there are no offshore wind farms in Greece. However, onshore wind capacity is substantial, and the country has developed a modest onshore wind sector in recent years. Greece's goal is to have an installed capacity of 23.5 GW of renewable energy (solar and wind) by 2030.
  • In 2024, concrete steps were taken with the announcement of two pilot projects and joint ventures preparing the first commercial offshore projects. These projects will be fixed-bottom parks, but in the long term, the focus will be on floating turbines due to the deep waters in many Greek maritime areas.
  • The Embassy has identified opportunities for Dutch companies specializing in complex maritime logistics, port planning & capacity, offshore wind installation and cable laying, supply chain planning, environmental and archaeological permits, and grid integration. The Netherlands can provide added value through expertise in offshore logistics, cable laying, and supply chain optimization.
  • The Embassy is actively promoting trade and knowledge collaboration in the field of offshore wind. Following a preliminary phase that included a market scan and a sector study, a fact-finding mission (2024) and a trade mission (2026) took place with interested Dutch companies.  In addition, the Embassy has set up several events and visits in recent years, targeted at Dutch companies with an interest in becoming active in the Greek offshore wind sector.

 Further reading: Renewable energy developments in Greece

  • Greek energy policy has gained considerable momentum recently, with a significant (financial and political) commitment to renewable energy and EU projects involving offshore wind, carbon capture, and other renewable energy sources.
  • Driven by a combination of national ambition, EU support (RRF), and foreign investment, Greece has in recent years shifted from an import- and fossil-fuel-oriented structure to a  a focus on increasing domestic renewable energy-production. At the same time, it is positioning itself as an ‘Energy Hub’ for the wider region, as well as for transatlantic LNG imports. In doing so, it aims to further establish  its strategic geopolitical significance for Europe
  • In 2024, Greece reached a historic tipping point; for the first time, renewable sources (solar, wind, and hydro) supplied the majority of national electricity production, while coal-fired power plants have largely been closed or phased out.
  • CCS (Carbon Capture and Storage), offshore wind, and LNG connectivity are the key segments in which Greece plays both a transit role and creates investment opportunities. At the same time, it has been a domestic priority for Greece to decarbonize its islands and to increase interconnections between the mainland and proximate islands.
  • ​​Greece faces near-the highest energy prices in the EU by the end of 2025 due to poor connectivity with Europe and a disadvantageous pricing model, while a shortage of storage capacity is hindering further growth of solar and wind energy.
  • The European Recovery Fund (RRF, known in Greece as Greece 2.0) plays a key role in realizing national plans for electricity grid expansion, renewables, and sustainable infrastructure. The RRF contains key components for the energy transition: grid reinforcement/digitization, investments in renewable energy (RES), energy efficiency, and just transition measures in coal-dependent regions.

 

Want to know more? For more information on our events and trade promotion activities, please contact: ath-ea@minbuza.nl