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June 22, 2022

Parkwind and Intrakat to develop offshore wind projects in Greece

The partnership with Intrakat is part of Parkwind’s international expansion strategy.

Belgium-based green energy company Parkwind has partnered with Greek construction firm Intrakat to jointly develop offshore wind projects in Greece.

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The partnership is part of Parkwind’s wider international expansion strategy.

Parkwind co-CEO François Van Leeuwsaid: “With a partner like Intrakat, we know that we have what it takes to offer Greece the best of offshore wind.

“The complementary nature of our partnership is the key to developing a value proposition that can kick-start offshore wind in Greece.

“We are grateful to have a chance to start working together in an environment that is open and productive.”

Based in Leuven, Parkwind develops, finances and operates offshore wind farms.

The company currently has four wind farms under operational management in the Belgian North Sea, with a fifth being developed in Germany.

It stated that it will soon have more than 1GW of capacity under its management.

Intrakat is part of Intracom Holdings, a major company in Greece’s construction sector.

The company currently has a portfolio of more than 1GW of renewable energy capacity and has expanded its capabilities to include electricity storage stations.

The partnership will combine Parkwind’s knowledge of offshore wind development and Intrakat’s local infrastructure experience.

Intrakat CEO Petros Souretis and Inkat Energy CEO Loukas Lazarakis said: “As part of Intrakat’s Group growth and investment strategy in renewable energy, we are moving into an important and extremely dynamic, I believe, strategic partnership with Parkwind, an innovative company with a leading position in the field of offshore wind farms.

“Greece, within the next years, will develop this type of wind farms, which has obvious, multiple benefits, on a large scale.

“With the know-how and experience of both Intrakat and Parkwind, we aspire to become leaders in this field.”

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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