DEME : and renewable energy developer and independent power producer FARIA enter agreement to explore and co-develop offshore wind farms in Greece
December 07, 2023 at 02:05 am EST
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DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Recognising the unique potential for growth in the offshore wind industry in the Mediterranean Sea and the evolving market, both companies aim to play a significant role in the region.
Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft 'National Offshore Wind Farms Development Programme' which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA). The programme defines eligible Organised Development Areas and estimates a capacity of approximately 4.9 GW of offshore wind projects that can be developed in the mid-term (up to 2030-2032), excluding the marine area between Evros-Samothraki which is designated for pilot offshore wind farm projects. As well as this, the programme estimates that a capacity of around 12.4 GW could be developed in the longer term (after 2030-2032).
Engage with local stakeholders
DEME and FARIA Renewables will join forces, drawing upon their extensive track records and expertise, to comprehensively assess Greece's maritime area, identifying optimal sites for offshore wind farm development. They will conduct in-depth research and exploration, engaging with stakeholders and local communities. Simultaneously, they will support and create synergies with the domestic supply chain, ultimately developing successful and competitive projects.
Thalia Valkouma, President and Chief Executive Officer at FARIA Renewables, stated: "I am thrilled to announce our cooperation with DEME, one of the world's leading offshore wind companies with operating projects and projects under development globally. We are confident that this partnership will leverage the capabilities and experience of both companies, working together towards a sustainable and greener future. Our involvement in the development of offshore wind projects is now taking a significant step forward, and we are excited to contribute to the mid- and long-term expansion of the offshore wind sector in our country, helping Greece achieve its goals and transforming into a major energy producer and exporter. Our targets for green and sustainable renewable energy as a means to fight climate change and reduce CO2 emissions are now closer to being achieved."Dimitris Kintsakis, Vice-President and Chief Executive Officer at FARIA Renewables, added: "We are very satisfied with our cooperation with DEME in the offshore wind market. We share the same values and have the same appetite and willingness to contribute to the effort for a greener society. The announcement of the agreement with DEME demonstrates FARIA Renewables' commitment to the offshore wind market. The ability, experience and methodological approach of both companies can provide added value to the evolving Greek offshore wind market, play an important role in the country's transition to an energy hub, and support the Greek economy across various supply chain sectors."
Kristof van loon, General Manager at DEME Concessions, commented: "DEME is delighted to be contributing to the development of Greece's offshore wind market, which we believe holds immense potential. As the world's leading offshore wind contractor, we possess a proven track record spanning over two decades. DEME's in-house expertise and extensive collaborations with industry leaders across Europe, Asia, and the US make us a valuable partner in this endeavor. Teaming up with FARIA Renewables, a company that shares our commitment to a sustainable future and recognises offshore wind as a cornerstone of Greece's clean energy transition, is an exciting step forward."
DEME Group NV published this content on 07 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2023 07:04:23 UTC.
DEME Group NV is a global marine sustainable solutions provider. The activity is organized around four segments:
- DEME Offshore Energy: In this segment, the Group provides engineering and contracting services globally in the offshore renewables and non-renewables sectors. In the offshore renewables, the Group is involved in the full Balance of Plant scope for offshore wind farms. This includes the engineering, the procurement, the construction and the installation of foundations, turbines, inter-array cables, export cables and substations. The Group also offers operations and maintenance, logistics, repair, decommissioning and salvage services to the market. In the offshore non-renewables, the Group performs landfalls, rock placement, heavy lift and decommissioning services;
- DEME Dredging & Infra: In this segment, the Group performs a wide variety of dredging activities worldwide, including capital and maintenance dredging, land reclamation, port construction, coastal protection and beach nourishment works. The Group also provides engineering and contracting services for other types of marine infrastructure projects, such as port terminals, canals, bored and immersed tunnels, bridges and dams. In addition, the Group is active in the marine aggregates business, which includes dredging, processing, storage and transport of aggregates;
- DEME Environmental: The Group offers innovative solutions for soil remediation and brownfield redevelopment, as well as environmental dredging and sediment treatment. It is mainly active in the Benelux, France, and other European countries on a project-by-project basis;
- DEME Concessions: DEME Concessions is the investment and development arm of the Group. It invests in, develops, builds and operates greenfield and brownfield projects in three sectors: offshore wind, dredging and marine infrastructure, and green hydrogen. Besides creating economic value on its projects and generating equity returns on its investments, it also aims to secure regular activities for the Group contracting activities in the EPC phases of its projects. DEME Concessions also has a deep-sea exploration division (GSR) that holds concessions of polymetallic nodules and that is developing a technology to collect and process those nodules containing nickel, cobalt, manganese and copper from the deep ocean floor.