Greece and Italy have taken important steps this summer towards kicking off offshore wind deployment with coming legal frameworks.
In late July, Greece adopted a new legislative framework for offshore wind, and in Italy an updated draft of an all-important offshore wind decree was circulated.
Greece passes its first Offshore Wind Law
The first Offshore Wind Law was passed in end-July, setting the stage for development of the targeted 2 GW offshore wind in 2030 by delineating how sites and support will be allocated.
- Specifics will be defined in decrees by the Ministry of Environment and Energy, and the timing of these will determine when the first auction is held.
- Sites are identified by the authorities through designation of broad development areas, followed by definition of specific installation zones after strategic EIAs and stakeholder consultations.
- Developers must have research permits for the development areas to be eligible for the coming auctions awarding site leases along with 20-year sliding feed-in-premiums.
An updated draft of the FER II Decree debuts in Italy
An updated draft of the FER II decree was circulated in late July. The FER II decree will establish a support regime for offshore wind, which dozens of announced projects around Italy need to move forward. Final approval of the FER II Decree is still pending.
- The updated draft decree encompasses both floating and fixed-bottom wind, as opposed to an earlier draft, which only featured floating wind support.
- CfDs have been extended from 20 years in the old draft to 25 years in the updated draft.
- The capacity of the allocation rounds planned for 2022-2026 has been increased from 3.5 GW in the old draft to 5 GW in the updated draft.
Aegir Insights’ offshore wind market reports are continuously updated with key developments and regulatory changes.
Reach out to us to learn more about Aegir Insights' market intelligence service.