Greece Wind Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Greek wind energy market is expected to register a CAGR of more than 3% during the forecast period, 2022-2027. The COVID-19 outbreak led to delayed licensing procedures for new wind projects and inadequate manpower for ongoing wind projects. These are the major issues that affected the wind energy sector's growth due to the COVID-19 pandemic. Factors such as increasing demand for wind energy installations and rising investments in ongoing and upcoming wind energy projects are expected to drive the market during the forecast period. However, the rising emphasis on solar energy to provide renewable electricity in the country is expected to restrain Greece's wind energy market.
Key HighlightsThe Greek wind energy market is moderately fragmented. The key players in the market include Iberdrola SA, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, General Electric Company, and Nordex SE.
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