How many green hydrogen projects are there in Chile?

In December 2021, the Chilean National Development Agency selected six green hydrogen production projects for development with plans to begin operating in 2025. The Chilean development agency Corfo has selected six hydrogen projects with a cumulative electrolyser capacity of 396MW which will be financed by public subsidies totalling US$50 million.

What is the green hydrogen Fund for Chile?

The Green Hydrogen Fund for Chile – a Team Europe initiative by the European Investment Bank, the German development bank KfW and the EU delegation in Chile – will support a wide range of hydrogen projects, from water desalination and renewable power generation to storage and transport.

How much green hydrogen will Chile produce in 2040?

The Ministry projects that Chile could produce up to 1.6 million Tonnes per year of green hydrogen and become the leading low-cost exporter by 2040, when the local market will be worth an estimated USD $33 billion (including USD $24 billion in exports).

What is Chile's National Hydrogen strategy?

The Ministry of Energy unveiled its National Hydrogen Strategy at the end of 2020 with an objective to turn Chile into a frontrunner in green hydrogen production and export. The strategy addresses the policies and regulatory framework that will be enacted to encourage the development of the industry.

Is Chile a leader in the production of green hydrogen?

A combination of characteristics makes Chile a potential leader in the production of green hydrogen in Latin America and the Caribbean (alongside Brazil and Colombia). Green hydrogen is produced using electrolysers, which split water into hydrogen and oxygen through a process that requires substantial electricity.

What is the target price for green hydrogen?

• The national strategy from 2020 set a target price of $1.5 per kg by 2030. Targets for using green hydrogen in key industries have not yet been established. Public–private partnerships to promote the green hydrogen trade.