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[WeTheMarket]

White Dragon - By the end of the year the technical file at the Commission – The details
9:04am, Thursday 11/11/2021 | Grevena, Kastoria, Kozani, Florina
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The following is the above article translated by Google from Greek to English (not perfect but readable):

When fully developed electrolytes will produce more than 250,000 tons per year of renewable hydrogen

By the end of the year, possibly in November, it is estimated that the technical file for the"White Dragon" project, the project, the coordinating role of which has been undertaken by DEPA, will be sent to the Commission. It is planned with a focus on the region of Western Macedoniaand will include a renewable hydrogen production plant with a total capacity of 5 GW electrolytes gradually installed from 2022 to 2029.

An additional 500 MW of photovoltaics are planned to be connected directly to the electrolytes and the rest of the energy that will be required will be obtained through bilateral contracts (PPAs) that will come mainly from excess photovoltaic and wind farms, but also from hydroelectric projects. When fully developed, the electrolytes will produce more than 250,000 tons per year of renewable hydrogen that will initially be injected into the natural gas pipelines and then into the exclusive hydrogen pipeline to be built by DESFA.

Of the 250,000 tonnes per year, an amount of up to 71,000 tonnes per year of green hydrogen will be used to further develop the hydrogen economythrough its use as a clean energy carrier in industry, transport and buildings. For the green hydrogen produced, short-term storage and channeling will be provided to DESFA's natural gas pipeline and to exclusive hydrogen, while through fuel cells it will provide the country's electricity system with renewable electricity as a fixed base unit.

The project's budget for RES amounts to EUR 240 million, while the cost for the construction of the system is estimated to exceed EUR 2 billion. euro. Like any Important Projects of Common European Interest (IPCEI) project, it will be financed on the basis of the funding gap per investment resulting from the economic analysis of the individual projects.

The beginning

The first step for the realization of the White Dragon was taken on May 5th, when DEPA Marketing, as coordinator of the project, submitted to the Greek Government and the EU, the investment proposal, together with Advent Technologies (in cooperation with the Italian company DeNora, whose main shareholder is SNAM), Damco Energy (Copelouzos Group), PPC, DESFA, "TERNA Energy", HELPE, Motor Oil, Corinth Pipeworks and TAP, while it is also supported by the "Mytilineos" Group.

In early September, by a joint decision, the Ministers of Development and Investments and the Environment and Energy, Adonis Georgiadis and Costas Skrekas, approved the participation of five Greek projects, including the White Dragon in the first wave of Important Projects of Common European Interest (ICEI) "Ydrogeno", which were pre-notified to the competent European institutions, following a written communication between the two ministers and the European Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, Thierry Breton. The final economic analysis of the project will be carried out in cooperation with the Commission's Directorate-General for Competition (DGComp). However, the total cost of the investment is estimated to reach EUR 8.063 billion. euro.

It is noteworthy that the White Dragon is the development of the initial expression of interest, in September 2019 in Brussels, by the Regional Governor of Western Macedonia, Mr. Georgios Kasapidis.
The start date of the project has been determined at the 2nd quarter of 2022, with the final end date of the eligible IPCEI costs on 31 December 2029 and the final end date of the project on 31 December 2040.As far as jobs are concerned, it is estimated that approximately 18,000 direct and 29,500 indirect jobs will be created in the region of Western Macedonia.