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Floating Wind and Hydrogen | Greece

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Charley Rattan's picture
World Hydrogen Leader , Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

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  • Nov 27, 2022
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Floating Wind and Hydrogen | Greece

 

 

Greece’s hydrogen potential

Over 400 GW of Floating Offshore Wind - plus favourable solar resource

 

 

According to the country’s National Hydrogen Strategy, the development of the national hydrogen economy is separated into three distinct phases.

“The initiation of the market (2022-2027), the emergence of the hydrogen market (2025-2030) and finally the market development/market maturity phase (2027-2035),” Mr Papalucas explains. “At this point, the market is facing uncertainties, high costs and inadequate infrastructure that discourage private investment. That’s why the main goal of the State Aid granting scheme is the materialisation of some first pilot projects/applications and the creation of the first critical infrastructure by supporting the project promoters to deal with the market failures associated risks.”

On 26 September HyMed entered the public domain and is expected to produce 3.2GW of electricity from 2027, with more than 1GW of this coming from green hydrogen, once production units are fully operational. It will be based within Italian ultra-deep waters and is currently in the first phase of permitting, with grid connection and environmental impact assessments “well underway”. In future, the green hydrogen produced will be transported onshore through pipelines or via vessels to global markets.

Hymed is expected to serve as a template for future offshore renewable projects between the companies, including what’s said to be a “highly impactful” 300MW exclusively hydrogen production project in southwest Greece, named “Icarus”.

 

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