Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • US Green Hydrogen Extension Faces Economic Reality: Two-Year Window May Not Bridge Competitiveness Gap
  • India’s Energy Storage Market Breakthrough: Record 8.1 GWh Monthly Tender Volume Drives Tariff Competition to ₹3.13/Unit
  • Hyundai’s New Hydrogen Car Deal: Does It Solve the Real Problems?
  • Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade
  • Future of Geothermal Energy Growth, Technology Breakthroughs
  • Australia’s Green Fertiliser Revolution: Inside the GEGHA Hydrogen & Ammonia Project
  • CATL Scales Battery Swapping Infrastructure with Eyes Set on Europe
  • Mineral Interactions Pose Hidden Risks to Geological Hydrogen Storage Integrity
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

IDB Grants Chile $400 Million for Green Hydrogen Development

Anela DoksoBy Anela Dokso08/06/20233 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The Inter-American Development Bank (IDB) has approved a significant loan of $400 million to support the development of the green hydrogen industry in Chile.

This loan is part of a larger credit operation aimed at promoting productivity and sustainable development in the country, with a total value of $1 billion. The funding will contribute to the decarbonization of Chile’s economy and create new opportunities for productive development.

The IDB loan will play a crucial role in advancing Chile’s efforts to reduce carbon dioxide emissions and achieve its sustainability goals. Chile has the highest per capita CO2 emissions in Latin America and the Caribbean, surpassing countries like Brazil, Uruguay, and Peru. By strengthening the green hydrogen industry, Chile aims to make significant progress in reducing emissions by 50% by 2030 and achieving net-zero emissions before 2050.

According to the International Energy Agency (IEA), the demand for hydrogen is expected to increase significantly in the coming decades, with around 300 million tons of hydrogen produced annually by 2050. A substantial portion of this demand is projected to be in the form of green hydrogen, which is produced using renewable energy sources.

Chile possesses natural advantages for green hydrogen production due to its ability to generate renewable energy at low costs. Expanding the green hydrogen industry not only presents an opportunity for increased productivity but also contributes to the country’s sustainability objectives. By leveraging its renewable energy potential, Chile can become a major player in the global green hydrogen market.

The funds from the IDB loan will be allocated to various aspects of the green hydrogen value chain. These include financing new green hydrogen projects, developing local demand, investing in human capital, creating intermediate goods and services to support the industry, funding applied research and technological innovation, and promoting entrepreneurship within the sector.

Maria Florencia Attademo-Hirt, the IDB representative in Chile, emphasized the loan’s significance in increasing investments in the green hydrogen sector. She highlighted the economic and environmental benefits that the industry can bring to Chile, including environmental sustainability, addressing climate change, and fostering inclusive growth.

With this substantial financial support, Chile is poised to accelerate its transition to a greener and more sustainable future by harnessing the potential of green hydrogen. The loan from the IDB marks a significant milestone in Chile’s renewable energy journey and sets the stage for the country to become a leader in the global green hydrogen market.

Share. LinkedIn Twitter Facebook Email

Related Posts

Green Hydrogen

US Green Hydrogen Extension Faces Economic Reality: Two-Year Window May Not Bridge Competitiveness Gap

04/08/2025
energy storage

India’s Energy Storage Market Breakthrough: Record 8.1 GWh Monthly Tender Volume Drives Tariff Competition to ₹3.13/Unit

04/08/2025
Hyundai

Hyundai’s New Hydrogen Car Deal: Does It Solve the Real Problems?

04/08/2025
green hydrogen

Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade

04/08/2025
Geothermal

Future of Geothermal Energy Growth, Technology Breakthroughs

04/08/2025
Hydrogen

Australia’s Green Fertiliser Revolution: Inside the GEGHA Hydrogen & Ammonia Project

01/08/2025
Green Hydrogen

US Green Hydrogen Extension Faces Economic Reality: Two-Year Window May Not Bridge Competitiveness Gap

04/08/2025
energy storage

India’s Energy Storage Market Breakthrough: Record 8.1 GWh Monthly Tender Volume Drives Tariff Competition to ₹3.13/Unit

04/08/2025
Hyundai

Hyundai’s New Hydrogen Car Deal: Does It Solve the Real Problems?

04/08/2025
green hydrogen

Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade

04/08/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.