Release date: 26 June 2023
Promoter – Financial Intermediary
CORPORACION DE FOMENTO DE LA PRODUCCIONLocation
Description
The operation consists in a framework loan (FL) with the sovereign loan under the Team Europe Green Hydrogen Fund for Chile, which is a platform to finance the incipient green hydrogen market, foster local supply chains and strengthen the potential for green hydrogen exports to Europe.
Objectives
The project is part of the Team Europe Initiative (TEI) on green Hydrogen Development in Chile, aiming to support the decarbonisation of the Chilean economy, create green jobs and generate business opportunities for Chilean and European companies, whilst contributing to meet Europe's own demand for import of green hydrogen. The TEI is promoted by the EU Delegation in Chile.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 316 million
Environmental aspects
The EIB will require the promoter to ensure that the implementation of the project will be done in accordance with the EIB's Environmental and Social Standards.
Procurement
The EIB will require the promoter to ensure that the implementation of the project is carried out in accordance with the EIB's Guide to Procurement.
Status
Approved - 17/07/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).