The European Commission, European Investment Bank (EIB), KfW Development Bank, and Chilean institutions have come together to sign agreements supporting the growth of Chile’s renewable hydrogen industry. The signing ceremony took place in Santiago de Chile, attended by key officials from both Europe and Chile. The funding platform established aims to decarbonize Chile’s economy, create green jobs, and provide business opportunities for companies in Chile and Europe. Additionally, the initiative will help Europe fulfill its renewable hydrogen import requirements. The partnership involves financing of up to 200 million euros from EIB and KfW, managed by CORFO, with an additional 16.5 million euro grant from the EU Latin America and Caribbean Investment Facility (LACIF). It is aligned with Chile's ambition to achieve 100% clean energy by 2050, expecting to contribute to the development of 150 MW of new renewable energy capacity and 150 MW of electrolyzer capacity. This initiative is part of the EU-Latin America and the Caribbean Global Gateway Investment Agenda, focusing on priority investments to meet infrastructure needs while fostering growth and social cohesion in the region. The platform was highlighted by Commissioner Sikela for its significance in advancing the renewable hydrogen sector for both Chile and the EU. EIB Vice-President Ioannis Tsakiris emphasized its role in supporting Chile’s climate goals and strengthening EU-Latin America cooperation. Chilean Minister of Energy Diego Pardow emphasized the job creation potential and regional benefits offered by the green hydrogen industry. José Miguel Benavente from CORFO mentioned that the new initiative would facilitate financial instruments for large-scale hydrogen projects. Thomas Schmitt from the German Embassy to Chile underlined Chile’s renewable energy potential and the importance of attracting private investments for green hydrogen development. The Team Europe Renewable Hydrogen Funding Platform forms part of the EU’s wider Global Gateway Investment Agenda, aiming to mobilize 300 billion euros for sustainable projects globally between 2021 and 2027.