The World Bank estimates the Black Sea has 453 GW of technical offshore wind potential – 269 GW for bottom-fixed and 166 GW for floating offshore wind. Even so, developers interested in offshore wind projects in the region currently face a lack of regulation. How ready is the region for such developments and what are the future plans?
It is expected that the offshore wind law, as well as the maritime spatial planning regulations and support scheme legislation, will enter into force soon in Romania. While the Bulgarian territorial waters of the Black Sea offer 116 GW of technical wind potential, the strategic orientation towards offshore wind energy developments currently lacks in the country. The potential for Ukraine is two and half times that of Bulgaria and Romania combined. At the same time, currently, offshore wind in Ukraine is considered primarily as an efficient source of electricity for the production of green hydrogen.
Learn more in the article prepared by Invest In Network and request a demo of EnerLoop, our updated power industry tool, which enables multinational companies to stay in the loop of the Black Sea region’s energy developments, auctions and tenders, legislative updates, exclusive interviews and much more.