Peru has approved an environmental impact study for a green hydrogen plant costing $12.5 billion, announced by Production Minister Sergio Gonzalez. The Horizonte de Verano firm will construct the facility on a 12,000-hectare site in Arequipa, with construction beginning in 2026.
The Peruvian government has granted approval for an environmental impact study concerning a significant green hydrogen plant, which is projected to require an investment of $12.5 billion. Production Minister Sergio Gonzalez made the announcement on Wednesday, highlighting the project’s importance for sustainable energy.
The company behind the initiative, Horizonte de Verano, intends to develop the plant on a substantial 12,000-hectare parcel located in Arequipa, a region in southern Peru. Construction is anticipated to commence in 2026, according to details shared by Gonzalez during a press conference.
Peru’s approval of the environmental impact study marks a crucial step towards establishing a major green hydrogen plant, which reflects the country’s commitment to expanding sustainable energy initiatives. With a planned investment of $12.5 billion and construction set for 2026, this project may significantly enhance the region’s energy landscape.
Original Source: www.tradingview.com
