When will the first three plants be ready and what is green hydrogen?

The regions of Antofagasta, Valparaíso and Biobio will witness the first green hydrogen projects on an industrial scale in Chile. This is thanks to the fact that the Production Development Corporation (Corvo) has signed the first agreements to finance the first three large projects to be established in the country.

Deal He is considering providing a subsidy of 50 million dollars to be distributed among the three initiatives The maximum period for building plants is until the end of 2025.

Jose Miguel Benavente, Executive Vice President of Corfo, provided details of support, noting that Resources will be delivered as per specific requirements and deadlines.

“Contrary to the prevailing tradition that finance comes before it, public finance comes after it. Once they meet the parameters they have to perform from the point of view of construction, which relates not only to the amount of investment, but also to the term “And it’s December 2025, then public resources are available,” Corfu’s vice president said.

with measure Seeks to generate incentives for companies to comply on time, not only in what they are committed to building but also within established deadlines. And what this provides is a signal in the background, the so-called reduces uncertainty regarding private sector investments.”

projects The electrolysis capacity will be 388 megawatts – which is equivalent to the current global operation -. Together with this It will aim to produce more than 45,000 tons of green hydrogen annuallyOr this will reduce CO2 emissions by more than 600,000 tons.

In addition to the three agreements already signed, Corfu has notified that three other projects are under evaluation, which It will be located in the regions of Antofagasta, Valparaíso and Magallanes. It is expected that over the next few weeks they will be given the green light to sign the agreements.