Chile's Environmental Review Agency Sees Surge in Project Approvals and Investments in 2024
Key Ideas
- Chile's environmental review agency approved 310 projects in 2024, totaling US$20.6bn in investments, a significant increase from 2023.
- Energy, real estate, and water infrastructure projects saw a rise in approvals and investments, with a notable interest in green hydrogen initiatives.
- The mining sector experienced a drop in project approvals but saw an increase in investments, while other sectors like real estate and transport infrastructure showed positive growth.
- Large-scale green hydrogen projects, including the HNH Energy green ammonia project and the INNA green hydrogen and ammonia project, contributed to the surge in investments in 2024.
In 2024, Chile's environmental review agency (SEA) recorded a substantial increase in project approvals and investments compared to the previous year. The total number of approved projects reached 310, amounting to US$20.6bn in investments, a significant improvement from 2023. The surge in approvals was particularly notable in energy, real estate, and water infrastructure projects. Additionally, projects related to datacenters and green hydrogen received attention and contributed to the overall increase in investments. While the mining sector experienced a decrease in project approvals, investments in this area actually rose. Sectors like real estate and transport infrastructure also showed positive growth, with more projects getting approval and increased investments. Notably, the 'others' category, which includes initiatives linked to green hydrogen, saw a rise in associated investments despite a slight decrease in the number of approved projects. Large-scale green hydrogen initiatives like the HNH Energy green ammonia project and the INNA green hydrogen and ammonia project were significant contributors to the investments in 2024. Overall, the trend of rising project approvals and investments indicates a positive outlook for Chile's development and environmental initiatives.