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Chile lines up financing for green hydrogen

Chile lines up financing for green hydrogen

November 15, 2022
Corfo secures $350 mln from the World Bank and $400 mln from the IDB to develop biofuel projects

Loans Debt International Financial Institutions Inter-American Development Bank (IDB) World Bank Economy & Policy Energy LNG ESG Biofuels Green Finance Chile

Chilean development agency Corfo said it has lined up $750 million in financing for green hydrogen projects from the World Bank and the Inter-American Development Bank (IDB). The World Bank has agreed to provide a $150 million loan next year for the first phase of Chile's investments in green hydrogen, followed by $200 million for the second phase at an unspecified date, Corfo said in a press release on Friday. Chile will also become part of the multilateral lender's Hydrogen for Development Par

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