Chile aims to be major player in green hydrogen
World Bank backs Chilean green hydrogen investment
New loan is latest move by international community to support development of country’s electrolytic hydrogen production
The World Bank has agreed to lend Chile $150mn to promote investment in green hydrogen projects as international efforts to unlock the country’s potential as a low-cost producer gather pace. The loan comes after the Inter-American Development Bank in early June approved a $400mn loan to support Chile’s green hydrogen industry, while European Commission president Ursula von der Leyen visited the country for the first time to launch two joint initiatives aimed at growing the industry. “Chile has exceptional attributes for developing a competitive green hydrogen industry given its renewable resources and ability to attract investment in large-scale clean energy projects,” says Carlos Felipe Jar
Also in this section
27 February 2025
Commission doubles down on plan to boost growth through investment in transition, as European oil and gas majors refocus on fossil fuels
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
