Developing Chile's green hydrogen potential: Fast forward to carbon-neutrality

18.01.2022

The Team Europe Initiative (TEI) on Green Hydrogen (GH2) development in Chile is a joint effort of the EU and its Member States to foster cooperation with Chile for the development of its green hydrogen economy. The aim is to boost investment opportunities in the field of green hydrogen in Chile by supporting the creation of an attractive enabling environment, providing concessional financing, promoting collaboration in R&D and fostering business cooperation.The GH2 TEI will support the decarbonisation of the Chilean economy, creating green jobs and generating business opportunities for Chilean and European companies, whilst meeting Europe’s own demand for import of green hydrogen.

Chile is recognised as one of the leading global candidates and LAC front-runner for cheap GH2 production due to its enormous renewable energy resources and ambitious GH2 strategy.

The GH2 TEI initiative will support the decarbonisation of the Chilean economy, creating green jobs and generating business opportunities for Chilean and European companies, whilst meeting Europe’s own demand for import of green hydrogen.

The Team Europe Initiative (TEI) to promote the development of green hydrogen in Chile seeks to foster cooperation with Chile in the following areas:

A)           Strengthening the enabling environment for the green hydrogen economy

B)            Supporting Technological Development and Human Capital

C)            Market Development/Business Cooperation

D)           Project Development/Finance

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