Latin America holds some of the top renewable energy markets in the world.

We have recently expanded to Chile, in line with the country’s strong renewable energy agenda. The country is making good progress in the green hydrogen market and Hive introduced a Country Manager, Italo Silva, to the region to actively support the adoption of the innovative green technology. Currently, there are $10Bn of projects under construction across the Country, including generation plants, and green hydrogen developments. In 2021 the Chilean market grew in capacity by 4 GW, with a total renewable energy capability of 11.4 GW today. Chile has plans to replace all thermopower plants with renewable alternatives, this subject is due to be discussed in congress where positive support from the political spectrum is anticipated. If the plans are approved, there will be close to 13 GW of thermo plants that will require supplementation with green energy.