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
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
10 February 2025
Plans include a £2.7b export pipeline, but country faces stiff competition from other European suppliers
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates