Peru Approves Over US$ 11.2 Billion Green Hydrogen Megaproject in…

Peru has approved a green hydrogen megaproject in Arequipa with an investment of more than US$ 11.2 billion, aiming to enhance sustainable energy and the economy.

Peru has officially sanctioned a significant green hydrogen megaproject located in Arequipa, which involves an investment exceeding US$ 11.2 billion. This initiative is anticipated to greatly contribute to sustainable energy development within the region, aligning with global efforts to transition towards renewable energy sources. The project is expected to bolster economic growth and position Peru as a key player in the green hydrogen sector on the global stage.

In summary, the approval of the green hydrogen megaproject in Arequipa marks a pivotal step for Peru in advancing its renewable energy capabilities. With an investment of over US$ 11.2 billion, this initiative is poised to enhance the nation’s economic prospects while contributing to global sustainability efforts in energy.

Original Source: www.bnamericas.com