Motor Oil and TERNA ENERGY Groups jointly develop the first Offshore Wind Farm (OWP) in Greece.

In this context, the procedures for the participation of Motor Oil Group, through its subsidiary Motor Oil Renewable Energy (MORE), with a 50% stake in the share capital of “Aeolika Provatas Traianoupolis”, a subsidiary of Terna Energy Group, have been completed.

“Aeolika Provatas Traianoupolis” has the right to develop a 400 MW pilot WTG in the sea area south of Alexandroupolis and north of Samothrace.

This pioneering landmark project, with a completion horizon of the end of the current decade, will be the first of its kind in Greece, contributing substantially to the success of the implementation of the National Program for the Development of the HEP.

Through their cooperation for the development of the first Offshore Wind Farm in Greece, Motor Oil and TERNA ENERGY Groups strengthen their footprint in the domestic production of clean energy and implement their environmental commitments, while at the same time actively promoting sustainable development and the energy transformation of the country.