Chile

The World Bank approves a US$150 million loan to support the development of Chile’s green hydrogen industry

July 6, 2023

The World Bank approved a loan for US$150 million to Chile, to support the development of its green hydrogen industry. The loan will help the country to establish a blended finance fund for green hydrogen projects and develop risk mitigation instruments to improve financing conditions. Source: The World Bank 

The EU launches a US$243 million green hydrogen fund in Chile

June 23, 2023

The European Commission launched a US$243 million green hydrogen fund initiative in Chile that includes a technical assistance program with a budget of US$4.4 million from the EU and the German Federal Ministry of Economics and Climate Protection. There is also a fund of around US$237 million, which will provide financing for renewable hydrogen production […]

Enel Green Power Chile starts commercial operation of 162.8 MW solar PV plant

May 11, 2023

Enel Green Power Chile received approval to start commercial operation at its 162.8-MW net Valle del Sol solar photovoltaic plant in Antofagasta. Source: Renewables Now 

Fotowatio Renewable Ventures (FRV) is seeking environmental approval for a wind project in Chile

April 27, 2023

FRV is seeking environmental approval to install a 316.8-MW wind farm in Chile. The project’s total investment is around US$340 million. Source: Renewables Now 

Chile announces national lithium strategy, which stipulates that the state should control production and development

April 27, 2023

Chile announced its national lithium strategy, which will put the state in control of the production. Current existing contracts with lithium providers will remain as is, but in the future, the state-owned lithium company will lead public-private partnerships. Source: Renewables Now 

H2 Chile will collaborate with Commission 7 H2V CORFO Committee to update the Green Hydrogen Action Plan 2023-2030

March 31, 2023

H2 Chile will work alongside Commission 7 H2V CORFO Committee to update the regulatory plan for green hydrogen. The partners will participate in an analysis process and contribute their vision for the development of the Green Hydrogen Action Plan 2023-2030. Source: PV Magazine LATAM

AES Andes plans to build a 379 MW solar farm co-located alongside a 542-MW battery energy storage system (BESS) in the Atacama Desert

March 31, 2023

AES Andes is planning to build a 379 MW solar farm in the Atacama Desert. The project will be co-located with a 542-MW battery energy storage system (BESS). The company will invest around US$710 million. Source: Renewables Now 

Hive Energy announced a joint venture with the Transitional Energy Group (TEG) to develop a US$8 billion green ammonia project at the tip of South America

March 2, 2023

Hive Energy, a UK based green energy company with major green hydrogen and green ammonia projects in South Africa, announced a joint venture with the Transitional Energy Group (TEG) to develop a US$8 billion green ammonia project in the Chilean area of Tierra del Fuego. Source: Engineering News

Chilean companies eligible for up to US$1.5 million to finance RE self-generation projects via the Ponle energía a tu empresa program

March 2, 2023

The Ponle energía a tu empresa program, funded by the European Union is offering up to US$1.5 million to Chilean companies to finance electric or thermal self-generation projects with renewable energy in hopes of directly benefiting more than 100 micro, small, medium and large companies. Source: PV Magazine LATAM