The Greek Parliament has passed a law to develop offshore and simplify of renewable energy licensing, including new environmental measures. The state owned company Hellenic Hydrocarbon Resources Management (HHRM), which will be renamed Hellenic Hydrocarbon Resources and Energy Resources Management, is expected to become responsible for offshore concessions and technical studies to specify the most promising marine zones for offshore projects. Greece aims to have auctions where interested investors will compete to lease such a zone and build their offshore wind projects. The Independent Power Transmission Operator (IPTO) will be tasked with carrying out the study, installation and operation of interconnections, while offshore wind developers will install their own cables to connect projects to IPTO’s nodes. As part of its National Energy and Climate Plan (NECP), the country targets 2 GW of offshore wind capacity in operation by 2030 for both fixed-bottom and floating projects.
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