Renewable energy developers are showing immense interest in Latin America and the Caribbean, with investments totaling US$240 billion in early-stage projects. The vast pipeline of 7,869 projects primarily focuses on solar and wind power, excluding hydroelectric plants. Notably, six major projects stand out for their incorporation of large green hydrogen components. Chile emerges as a leader in green hydrogen initiatives, with three significant projects in the Magallanes region. The H2 Magallanes complex, developed by TotalEnergies, is the largest with a cost of US$15 billion, aiming for 800,000t/y of green hydrogen production and 10,000MW of wind generation capacity. Similarly, projects in Argentina, Brazil, and Uruguay also highlight the region's commitment to green energy. For instance, the ASOE Chile Diez's HNH project in Chile, the Fortescue Future Industries' Pampas project in Argentina, and H2helium's Green Hydrogen hub in Brazil showcase ambitious plans for green hydrogen production alongside wind and solar energy generation. Overall, the surge in investments and projects signifies a positive outlook for the renewable energy sector in Latin America and the Caribbean, emphasizing a shift towards sustainable and clean energy sources.