Peru has approved an environmental impact study for a $12.5 billion green hydrogen plant, announced by Production Minister Sergio Gonzalez. The plant will be located in Arequipa and construction is expected to start in 2026.
The government of Peru has formally approved an environmental impact study for a green hydrogen facility, which is projected to cost approximately $12.5 billion. This announcement was made by Production Minister Sergio Gonzalez during a press conference on Wednesday.
The plant, developed by the firm Horizonte de Verano, is slated to occupy a 12,000-hectare site in the southern region of Arequipa, with construction anticipated to commence in 2026.
In summary, Peru’s approval of the environmental impact study marks a significant step towards the establishment of a major green hydrogen plant, reflecting the country’s commitment to sustainable energy solutions. The project, initiated by Horizonte de Verano, is expected to contribute notably to the local economy and energy sector once construction begins in 2026.
Original Source: www.tradingview.com
