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hydrogen

Peru Invests $2.5 Billion in New Green Hydrogen Plant

Anela DoksoBy Anela Dokso09/05/20241 Min Read
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The Peruvian government’s collaboration with Phelan Green Energy from South Africa has initiated the construction of a green hydrogen production facility in Arequipa.

This significant endeavor, exceeding $2.5 billion in investment, marks a pivotal step towards embracing renewable energy solutions.

Situated in the La Joya district, spanning over 4,000 hectares, this project represents Peru’s first green hydrogen production plant. The strategic location, coupled with proximity to the Interoceanic Road, underscores the project’s logistical advantages.

With the potential to generate around 2,600 jobs, primarily in Arequipa and neighboring southern regions, the initiative holds promise for economic revitalization. Beyond economic benefits, the project aligns with Peru’s commitment to transitioning away from fossil fuels, aiming to enhance environmental sustainability and local livelihoods.

Governor Rohel Sánchez emphasized the transformative potential of the project, foreseeing a shift towards cleaner energy sources and reduced reliance on fossil fuels. By spearheading the adoption of green hydrogen technology, Arequipa stands poised to lead the region towards a more sustainable energy future.

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