The UK and Chilean governments have unveiled a partnership that will seek to support new financing for the green hydrogen sector.
Over £5 billion is available in UK export credit, with UK Export Finance (UKEF) – the UK’s export credit agency – and CORFO – the Chilean economic development agency – signing an agreement to pool resources and finance eligible hydrogen projects in Chile together.
Not only is this expected to positively impact Chile’s growing renewables sector, but it is also anticipated to create millions of pounds in new export opportunities for cleantech businesses from the UK.
Commenting on the link-up, UKEF CEO, Tim Reid, said: “UK businesses are world-renowned as leaders in the clean energy sector. This is a win-win agreement which paves the way for major UK export contracts and will support Chile’s ambitious plan for transitioning to renewable energy.”
