In the Netherlands, Offshore Energy reported that The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform for Chile. As disclosed, under the platform, the EIB and KfW can provide financing of up to $219 million, with CORFO as the implementing agency to channel the funds to renewable hydrogen initiatives. The European Union (EU) Latin America and Caribbean Investment Facility (LACIF) will, reportedly, provide an additional grant of $18 million. It is estimated that the operation will contribute to the development of at least 150 MW of new renewable energy generation capacity and 150 MW of new electrolyzer capacity in the country, according to the EU.
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