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