Peru Greenlights $12.5B Green Hydrogen Plant in Arequipa
Key Ideas
- Peru approves $12.5B green hydrogen plant in Arequipa.
- The plant will be built on a 12,000-hectare site in the southern region.
- Construction is expected to start in 2026, as announced by Production Minister Sergio Gonzalez.
Peru's government has given the green light for an environmental impact study for a $12.5 billion green hydrogen plant in Arequipa. The plant, owned by Horizonte de Verano, will cover a vast 12,000-hectare area in the southern region of the country. Construction of the plant is slated to commence in 2026, according to Production Minister Sergio Gonzalez. This development marks a significant step towards boosting green energy infrastructure and sustainability efforts in Peru. The approval of the environmental study reflects the country's commitment to promoting renewable energy and reducing its carbon footprint. The project is expected to play a crucial role in the country's transition towards a greener economy and reducing its dependence on traditional fossil fuels.