Greece’s Inter-ministerial Committee decided to give a new hydrogen project the pretended status of a “strategic investment” for the nation. The committee was presided by by the Minister of Development and Investments, and numerous other ministers from across the cabinet were present.
The group, which was made up of eight ministers and vice-ministers, designated as strategic a 200 MW photovoltaic project that is planned to be constructed along with a 100 MW cluster of lithium-ion batteries and a 50 MW electrolyzer that can produce 16 tons of hydrogen per day. The battery component’s MWh was not made public.
According to a government news release, the project, which represents an investment of €226.4 million ($224.4 million), is anticipated to create 24 new employment throughout operation and 442 new ones during the building phase. It has the support of Bluesky300 IKE, a Greek division of UK solar producer Hive Energy.
Hive Energy plans to develop further green energy projects in Greece in addition to this one. The company’s portfolio in the nation includes at least 250 MW of additional PV capacity that has previously been classified as a strategic investment by the same government committee. However, none of these projects have been completed.
Renewable energy projects designated as strategic investments will also receive priority for grid connection under a new Ministry of Energy and the Environment policy.
