Uruguay eyes 20GW of renewables for green hydrogen push
- Uruguay has actually released its green hydrogen roadmap that will certainly see the country goal to install 20GW of renewables in addition to 10GW of electrolysers by 2040.
The ministry of sector, power as well as mining (MIEM) is looking at for the nation's green hydrogen industry to have a turnover of more than US$ 2.1 billion by 2040, coming generally from the export of hydrogen as well as green fuels.
By 2025, Uruguay aims to reach 200-500MW of renewables for hydrogen production, with the initial pilot projects focused on the transport sector and export, before setting up 2-4GW by 2030.
Additionally, the manufacturing price of green hydrogen in the country by 2030 is anticipated to go down to US$ 1.2-1.4/ kg, placing it near prices of other essential green hydrogen markets like Spain, Australia as well as Algeria.
"We are hoping this is the start of a long work that will certainly transform the manufacturing profile of the nation in a positive way. From our understanding, this is a great opportunity," claimed Omar Paganini, minister of market, energy as well as mining.
Previously this year Uruguay introduced a US$ 10 million fund to advertise green hydrogen projects in the next 10 years and obtained ten applications which are presently being refined.