Electric Utilities
Minister: Chile will reduce green hydrogen production goals amid global slowdown
Diego Pardow, Minister of Energy for Chile, said on Wednesday that the country will reduce its green-hydrogen production targets due to a decline in global market prospects. Pardow, in an interview during Energy Week Santiago, said that the adjustment will be published before March 2026, the end of current administration's term. He said that "the international market for green hydrogen has cooled down a bit." The reduction would be in line with European nations that have reduced their goals. This trend is mirrored by developers all over the world who are cancelling their projects and reducing investment. Pardow stated that...