Date: July 12
Chile, a country known for its rich geographic diversity and natural resources, is taking a bold step into the future of renewable energy. On June 14, during a meeting between the President of the European Commission, Ursula von der Leyen, and the President of Chile, Gabriel Boric, the official start of the “Team Europe for the Development of Renewable Hydrogen in Chile” project was signed. This project, co-financed by the European Union and the German Federal Ministry of Economy and Climate Protection (BMWK), marks a milestone in the history of renewable energy in Chile.
The project has an investment of eight million euros, contributed in equal parts by the European Union and the BMWK. The German cooperation agency GIZ will be in charge of implementing the project in Chile, in collaboration with the Chilean Ministry of Energy and the Production Development Corporation (CORFO).
The main objective of this project is to strengthen the enabling environment for the renewable hydrogen economy in Chile. This includes capacity building and knowledge transfer, technological development, infrastructure and sustainability impact assessments, as well as project development and business cooperation and financing.
Renewable hydrogen, also known as green hydrogen, is a form of energy that is produced from renewable sources, such as solar and wind power. It is a clean and sustainable alternative to fossil fuels, and its production and use contribute to the reduction of greenhouse gas emissions.
Chile, with its abundance of natural resources and its commitment to sustainability, is an ideal location for the development of renewable hydrogen. The country has one of the highest solar radiation in the world in the Atacama desert and strong winds in the Magallanes region, which makes it a favorable place for the generation of renewable energy.
The “Team Europe for the Development of Renewable Hydrogen in Chile” project is an important step in Chile’s transition towards a greener and more sustainable economy. Through this project, Chile is not only working to reduce its own greenhouse gas emissions, but is also contributing to the global effort to combat climate change.
This project is an example of how international cooperation can boost the development of renewable energy technologies and contribute to the global fight against climate change. It is a testament to Chile’s commitment to sustainability and its vision of a cleaner, greener future.
Source: Electro Industria