Hellenic Petroleum on Monday announced a cooperation agreement with German RWE in off-shore wind power parks in Greece.
The two companies, through their subsidiaries Hellenic Petroleum Renewables and RWE Renewables GmbH, are forming a joint venture with equal share to cooperate in developing, implementing and operating off-shore wind power parks in Greek seas.
“This cooperation is even more important given Greece’s goal to operate off-shore wind parks with a total power of 2 GW by 2020,” Hellenic Petroleum said.
RWE has developed and operate 18 off-shore wind power parks and plans to boost its total power capacity from 3GW to 8GW. Hellenic Petroleum Renewables is currently operating units with a total power capacity of 300MW and plans to boost its production capacity to more than 2GW.