The government of President Sebastían Piñera presented a national strategy for the development of green hydrogen in the country that would involve an investment of $200 billion and the generation of some 100,000 jobs over the next 20 years.
The Spanish company Opdenergy has reached an agreement with Corporación Interamericana para el Financiamiento de Infraestructura S.A (CIFI) to finance its portfolio of photovoltaic projects in the PMGD (Small Medium Distributed Generation) segment in Chile for an initial loan of 13.7 million euros ($16.02 million).
The COVID-19 pandemic has put a dent in Latin America’s lithium mining ambitions, with at least five key assets delayed. Suspensions and new pandemic-related health protocols have seen start-up estimates put back by around 3-18 months at development stage projects in Argentina, Mexico and Chile, according to research by BNamericas. The delays have also contributed to an increase in capex at one of the projects.
Sungrow, a leading global inverter solution supplier for renewables, has announced that the Company hit the 1 GW PV inverter cumulative shipments to Chile and took first place in the shipment ranking in Chile this year, contributing to Chilean renewable energy deployment and coal power phase-out national targets.
The global lithium market size is projected to reach $8.24 billion by the end of 2027. The increasing investments in lithium extraction methods have opened up a flexible application scope. According to a report published by Fortune Business Insights, titled “Lithium Market Size, Share & COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, Others), By Application (Batteries, Glass & Ceramics, Lubricant, Medical, Polymers, Metallurgy, Others), and Geography Forecast, 2020-2027,” the market was worth $4.09 billion in 2019 and will exhibit a CAGR of 9.2% during the forecast period, 2020-2027.