Dentons Jiménez de Aréchaga, a law firm, played a crucial role in facilitating a $39 million loan for Uruguay's first green hydrogen project. The loan, granted by Santander subsidiary Creditel, aims to support local companies Hyundai Fidocar, Fraylog, and Ventus Global in their endeavor to establish a green hydrogen initiative. These companies will use the funds to generate power for Montes del Plata's forestry operations, marking an important shift towards sustainable energy practices in Uruguay. The project is significant not only for the country but also for the Latin American region, as it represents a milestone in the adoption of clean energy solutions. The growing recognition of hydrogen's potential in driving green initiatives is evident in this investment, positioning Uruguay as a player in the global transition towards renewable energy sources.