Peru Approves Environmental Study for $12.5 Billion Green Hydrogen Plant
Peru’s government has approved an environmental study for a $12.5 billion green hydrogen plant. The project, managed by Horizonte de Verano, will occupy a 12,000-hectare site in Arequipa, with construction set to begin in 2026.
The Peruvian government has greenlit an environmental impact study for a forthcoming green hydrogen plant, which is projected to cost approximately $12.5 billion. This announcement was made by the Production Minister, Sergio Gonzalez, during a press conference. The facility, to be constructed by Horizonte de Verano, is planned for a sprawling 12,000-hectare site located in the southern Arequipa region, with construction anticipated to commence in 2026.
The approval of the environmental impact study marks a significant step forward for Peru’s green hydrogen initiatives. The investment of $12.5 billion in the Horizonte de Verano plant underscores the nation’s commitment to sustainable energy solutions, aiming to enhance its position in the renewable energy sector by initiating construction in 2026.
Original Source: www.tradingview.com
