UTE and HIF Global have agreed on the electricity price for a 1 GW green hydrogen plant in Paysandú, Uruguay, removing the main hurdle to the project’s final investment decision.
Uruguay’s state-owned utility, UTE, has finally reached an agreement with Chile’s HIF Global on the electricity tariff for an innovative plant in the Paysandú region. This marks a crucial breakthrough—after some serious back-and-forth, they’ve tackled the biggest hurdle that had been holding up the project’s final investment decision, making large-scale hydrogen production from renewable sources a real possibility.
This plant is poised to be one of the largest private investments in Uruguay’s history, featuring a massive gigawatt-scale electrolysis facility powered by dedicated wind and solar parks that together boast 2 GW of generation capacity. The goal? To blend green hydrogen…
