Chile Urges South Korea to Expand Green Energy Investments
Key Ideas
  • Chilean officials are encouraging South Korea to increase investments in Chile's green energy sector, particularly in hydrogen and renewable energy.
  • Both countries have a mutual interest in the hydrogen business, with Chile presenting its 'green hydrogen action plan' to Korea for potential collaboration.
  • Chile aims to operate a green hydrogen production base in the Magallanes region, partnering with Korean energy companies like Hyundai for hydrogen-powered vehicles.
  • Chile has seen significant growth in renewable energy, with 61% of electricity generated from renewables, including solar energy and wind power.
Chile is actively seeking to strengthen its green energy sector by urging South Korea to expand investments in the country. The Chilean Ambassador emphasized the need for increased Korean participation in the Chilean economy, especially in areas like renewable energy, solar power, and wind energy. The two countries share a common interest in developing the hydrogen business, with Chile presenting its 'green hydrogen action plan' to South Korea. Chile plans to establish a green hydrogen production base and collaborate with Korean companies like Hyundai in hydrogen-powered vehicles. Additionally, Chile has witnessed significant growth in renewable energy, with 61% of its electricity being generated from renewable sources. South Korea's Ministry of Trade, Industry, and Energy has opened tenders to promote the sale of electricity generated by green hydrogen, aligning with Chile's efforts to boost clean energy production. The partnership between Chile and South Korea reflects a positive sentiment towards green energy advancements and strategic investment opportunities between the two nations.
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