In 2023 and 2025, the Strategic Committee convened to validate strategic priorities for the forthcoming five years and review progress on the 2023-2030 Action Plan. The committee emphasized the need for a stable and long-term public policy framework to provide certainty for public-private efforts. The administration of Ministers of Energy and Economy highlighted the importance of continuity beyond electoral cycles, ensuring the initiative’s sustainability regardless of government changes. Measures to scale the industry include updating regulatory frameworks, incorporating green hydrogen into environmental impact evaluations, and enabling financial facilities led by CORFO with an initial size of $1 billion to support various project stages, including risk coverage and tax credit instruments.
Chile has also signed a memorandum of understanding with the Japan International Cooperation Bank to promote commercial opportunities within hydrogen-related productive sectors. The ongoing buildout of capacity within both state institutions and local demand stimuli reflects Chile’s strategic approach to consolidating its early-stage green hydrogen industry and maintaining competitiveness amid international cooperation and competition. The country’s significant renewable energy endowment forms the basis for its ambition to become a green hydrogen exporter and an energy transition leader.
This article was curated and published as part of our South American energy market coverage.
