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
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit