Uruguay eyes 20GW of renewables for green hydrogen push

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Omar Paganini, minister of industry, energy and mining of Uruguay, presented the country’s green hydrogen roadmap last week. Image: MIEM.

Uruguay has launched its green hydrogen roadmap that will see the country aim to install 20GW of renewables as well as 10GW of electrolysers by 2040.

The ministry of industry, energy and mining (MIEM) is eyeing for the country’s green hydrogen industry to have a turnover of more than US$2.1 billion by 2040, coming mainly from the export of hydrogen and green fuels.

By 2025, Uruguay aims to reach 200-500MW of renewables for hydrogen production, with the first pilot projects aimed at the transport industry and export, before installing 2-4GW by 2030.

Moreover, the production cost of green hydrogen in the country by 2030 is expected to drop to US$1.2-1.4/kg, positioning it near prices of other important green hydrogen markets like Spain, Australia and Algeria.

“We are hoping this is the beginning of a long work that will change the production profile of the country in a positive way. From our understanding, this is a great opportunity,” said Omar Paganini, minister of industry, energy and mining.

Earlier this year Uruguay launched a US$10 million fund to promote green hydrogen projects in the next ten years and received ten applications which are currently being processed.

Read Next

June 28, 2022
Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.
June 28, 2022
Energy giant Statkraft intends to develop 4GW of onshore renewables each year by 2030, an acceleration of its previous 2025 target of 2.5GW - 3GW.
PV Tech Premium
June 22, 2022
The race for green hydrogen dominance is on, with global markets ramping up the scale of their ambition in terms of deployment. But this too is causing a further fight for market share among the three core electrolysis technologies, as Jonathan Tourino Jacobo learns.
June 15, 2022
Energy major bp will acquire a 40.5% stake in and become operator of a green hydrogen project in Western Australia that could feature up to 26GW of solar and wind when complete.
June 14, 2022
Global hydrogen uptake is far below what is required under the Paris Agreement and underinvestment in the technology is a missed opportunity to decarbonise hard to abate sectors of the global economy, according to risk management provider DNV.
June 14, 2022
TotalEnergies is expanding its partnership with Indian conglomerate Adani Group as they aim to deliver the world’s largest green hydrogen ecosystem in India.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event