Motor Oil and TERNA ENERGY are proceeding with the joint development of the first offshore wind project in Greece. The "Aioliki Provata Traianoupoleos", a subsidiary of TERNA ENERGY Group and Motor Oil Renewable Energy (MORE), has the right to develop a pilot offshore wind project with a capacity of 400 MW in the sea area south of Alexandroupolis and north of Samothrace. The project is planned to be completed before 2030 and it is expected to become the first of its kind in Greece, aligned with the country’s National Offshore Wind Farm Development Program and the companies’ environmental commitments.
TERNA ENERGY, a subsidiary of Masdar Group, has 2,500 MW of energy projects in operation, under construction, and ready for construction in Greece. The group has an investment plan in clean energy production and storage that aims to reach a total installed capacity of 6 GW by 2030.
Motor Oil Renewable Energy (MORE), a subsidiary of Motor Oil Group, is active in renewable power generation. In 2022, MORE reached an agreement to acquire the second-largest wind energy portfolio in Greece, which in addition to its existing wind and solar projects, becoming one of the largest producers of renewable energy in the country.
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