In Chile, the European Commission reported that the Chilean Government and the European Union launched two new cooperation initiatives on renewable hydrogen worth $245 million.
The first initiative is the launch of the “Team Europe Project for the Development of Renewable Hydrogen in Chile”, a technical assistance program that will strengthen the conditions for the promotion of the renewable and sustainable hydrogen economy in Chile. This project seeks to ensure an enabling environment for the renewable hydrogen economy; capacity building and knowledge transfer; technology development; generation of impact assessments on infrastructure and sustainability; as well as the development of projects and business cooperation and financing, all relevant measures for the promotion of this industry in the country with a sustainable perspective.
The second action that was announced is the creation of the “Team Europe Renewable Hydrogen Fund in Chile”, a joint initiative of the European Investment Bank (EIB) and the German Development Bank (KfW), led by the Delegation of the European Union to Chile, which will channel funding for the development of projects for the production and use of Renewable Hydrogen.
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