In Chile, BNamericas reported that the Uruguayan energy ministry has published the country’s definitive 2040 green hydrogen roadmap.
The report noted that government officials estimate that a hydrogen and derivatives industry could generate $1.9bn in revenue a year by 2040 and more than 30,000 quality jobs.
Hydrogen production could potentially reach 1Mt/y by 2040, which would require the installation of 18GW of new renewables capacity and 9GW of electrolyzers, the document states.
By 2030, for projects over 500MW, the document states, renewable energy costs may permit the South American country to achieve a levelized cost of hydrogen of between $1.20/kg and $1.40/kg in the west and US$1.30/kg and US$1.50/kg in the east of the country. Offshore costs could range between $1.70/kg and $1.90/kg.
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