CHILE - TEAM EUROPE GREEN HYDROGEN PLATFORM

Promoter – Financial Intermediary

CORPORACION DE FOMENTO DE LA PRODUCCION

Location

• Chile

Description

The operation consists in a framework loan (FL) with the sovereign loan under the Team Europe Green Hydrogen Fund for Chile, which is a platform to finance the incipient green hydrogen market, foster local supply chains and strengthen the potential for green hydrogen exports to Europe.

Objectives

The project is part of the Team Europe Initiative (TEI) on green Hydrogen Development in Chile, aiming to support the decarbonisation of the Chilean economy, create green jobs and generate business opportunities for Chilean and European companies, whilst contributing to meet Europe's own demand for import of green hydrogen. The TEI is promoted by the EU Delegation in Chile.

Sector(s)

• Industry - Manufacturing
• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 316 million

Environmental aspects

The EIB will require the promoter to ensure that the implementation of the project will be done in accordance with the EIB's Environmental and Social Standards.

Procurement

The EIB will require the promoter to ensure that the implementation of the project is carried out in accordance with the EIB's Guide to Procurement.

Status

Approved - 17/07/2023