Latin America has the potential to become a major producer of clean hydrogen due to its abundant renewable energy resources. However, challenges such as insufficient investment, lack of customers, and high energy inputs for production hinder its development.
Latin America ’s wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way.
Advocates promote clean hydrogen as fuel for everything from trucks to steel blast furnaces and as input for green fertilizers. Yet critics say its production still requires excessive energy inputs. Pricing the fuel economically enough to attract customers depends on cheap, plentiful and reliable supplies of renewable energy.
Gray hydrogen generated from fossil fuels currently costs as little as $1 to $3 per kilogram, Palacios added. As of the end of 2023 Colombia had some 28 projects, according to Gasca, including an industrial-scale project at state-run energy company Ecopetrol’s refinery in the city of Cartagena, set to come online in 2026.
Like Colombia’s La Guajira, Chile’s Strait of Magellan could become a major clean hydrogen production hub thanks to strong winds, Gischler said.
Renewable Energy Green Hydrogen Latin America Investment Climate Change
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