The Government of Chile and Toyota have presented the first hydrogen-powered car approved for circulation in the country, with the aim of promoting vehicles that use clean energy in the market.  

Global services and technology, fintech, circular economy, green hydrogen, and tourism are among the economic sectors that the South American country wants to promote.  

Once again, Chile has placed first in Bloomberg's Climatescope ranking, demonstrating its regional leadership in the field of energy. 

Foreign investment in renewable energy is reaching every corner of Chile. In the north of the country, the Atacama Desert is the perfect setting to install photovoltaic panels, benefiting the entire community.  

Linked to the Peruvian Hochschild group and listed on the Toronto Stock Exchange, it would be one of the few operations to extract rare-earth elements outside of China.   

RENMAD H2 Chile will have more than 50 speakers, and will bring together players from across the market’s value chain.

It is known as the Azabache solar power project (60.9 MW) which, thanks to its location on the same site, operates in conjunction with the Valle de los Vientos wind power park (90 MW) to generate renewable energy from solar radiation and the wind.

The firm has announced the creation of Grupo Cerro, which includes Latin America’s largest solar power plant and 11 other hydroelectric power plants bought from ANPAC Energy.

Enel Green Power, alongside the company IM2 Energía Solar, is constructing eleven solar parks. Once they are all operational, they will be able to power more than 72,000 homes a year, to the benefit of around 312,000 people and saving more than 1,760 tons of CO2 emissions. 

The Chinese-owned company, with 100% renewable assets, expects to invest a total of US$590 million over the coming years and intends to triple its installed capacity to 1,400 MW by 2026.  

The equity fund focused on the renewable energy sector, will develop and operate the wind farms of La Flor, Vergara, and Cancura, which will have a combined installed capacity of 103.8 MW.

Chile's future involves achieving energy independence and even exporting its surplus. Hydrogen production is a promising path. Foreign investment in clean energy such as solar or wind will be key to the industry’s development. 

The project is in the engineering stage and testing will get underway in 18 months. The operational fleet of hydrogen-powered trains is expected to scale over the following 10 years. Chile is among the best-positioned countries for green hydrogen investment and development. 

Foreign investment has been key to developing green hydrogen in Chile. Initiatives promoted by Enel Green Power, Linde, ENGIE, Air Liquide, GNL Quintero and CAP have been chosen for co-financing support by Chile’s Economic Development Agency, CORFO, with the goal of speeding up the development of the industry in our country. 

The Italian-owned company has unveiled its 2024 investment plans, which for the first time include developing initiatives using electricity storage batteries. 

The referential investment amount is US$1.5 billion and will be key to strengthening the development of renewable energy in the country.

Chile’s Government has updated its National Energy Policy, which for the first time considers climate change, green hydrogen and electromobility.

The French company began operations in 2012 and is preparing to open its doors in Chile. It will study new investments for fuel development, where it expects to launch its first operation in 2024 with an investment of over US$250 million.  

The number of desalination plants is increasing, while Chilean companies and foreign investors’ consumption of seawater has been constant. Cochilco also revealed that the sector's share of GDP reached its highest point in the last seven years.  

Since launching its national strategy, Chile has tripled its number of green hydrogen projects, currently boasting over 60 initiatives. The goal is for 25% of these projects to be producing green hydrogen before the end of the decade.