Colombia looks to assert green hydrogen dominance
Government backing and vast renewable resources underpin Latin American country’s ambitions to be major exporter
Colombia’s vast natural resources and strategic location, combined with favourable government policy, could soon transform the country into a globally competitive green hydrogen exporter and domestic production hub. By 2030, the government aims to build 1–3GW of green electrolysis capacity at a production cost of $1.7/kg of green hydrogen. A 2023 analysis supported by the German government found that only the Rio Grande do Norte region of northern Brazil has better global resource potential. “According to the International Renewable Energy Agency [IRENA], Colombia is expected to have the world's fourth-lowest hydrogen production cost by 2050, behind only China, Chile and Morocco,” said Ben
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges