On the second day of Hyvolution Chile, in an panel titled “Green Hydrogen: The Reality in Latin America, Europe, and the Rest of the World,” experts shed light on the progress and potential of green hydrogen in South America, with a particular focus on Chile, Colombia, and Peru. The discussions highlighted the importance of Magallanes and Antofagasta regions in Chile, as well as the concept of “corredores verdes” (green corridors) in Chile’s maritime transportation.
Magallanes, a chilean region in the south of the country, has emerged as a key player in the development of the hydrogen industry. With its optimal wind conditions and a strategic location, Magallanes has the potential to become a center of hydrogen production. The collaboration between public and private sectors in Magallanes, coupled with tax incentives and regulatory support, will be the key to the region’s progress in reducing emissions and transitioning towards green hydrogen.
Similarly, Antofagasta (a chilean region in the north of the country) holds significant promise. The region boasts an excellent plant factor with excellent sun exposure, making it an ideal location for solar panel projects. The efforts in Antofagasta align with Chile’s national hydrogen strategy, which was unveiled in 2020, highlighting the country’s commitment to sustainable energy solutions.
To support the deployment of green hydrogen, Chile plans to establish a network of green maritime corridors, enabling environmentally friendly maritime transportation within and outside the country. These corridors, passing through Magallanes and Antofagasta, align with global commitments to green transportation and the decarbonization of the maritime sector. Chile aims to leverage its strategic location for exporting hydrogen to Europe and Asia, fostering international collaboration and trade.
Green Hydrogen in Colombia
Colombia, with its privileged position between the Caribbean and Pacific, sees opportunities for hydrogen export. The government’s strong alignment with hydrogen projects, coupled with tax incentives for energy transition, paves the way for the country to become a key player in the green hydrogen market. Colombia’s strategy includes analyzing existing ports for hydrogen export and exploring the potential of hydrogen-consuming industries within its economy.
What about Peru?
In Peru, the development of a national hydrogen strategy is still underway through H2Peru, an initiative aimed at creating an ecosystem for hydrogen in the country. With its abundant renewable energy resources, Peru has the potential to produce green hydrogen at scale. Collaboration among public institutions, private companies, and research organizations is crucial for establishing a robust hydrogen industry in Peru.
The discussions in the panel underscored the importance of collaboration between the public and private sectors, as well as the need for local studies and research centers to address specific challenges at the regional level. As South America advances in its green hydrogen journey, the region has the opportunity to become a leader in sustainable development, driving economic growth while mitigating climate change. The potential of green hydrogen is immense, and with continued efforts and cooperation, South America can unlock a future powered by clean and renewable energy.
Do you want to find out more about hydrogen in South America? Our latest article about this topic should interest you. You can read it here.
