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Wednesday, 12/04/2024 8:34:32 AM

Wednesday, December 04, 2024 8:34:32 AM

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Despite ongoing challenges, Colombia is on track to have at least 1GW of electrolysis capacity for green hydrogen production by the end of the decade, according to the Andi-Naturgas hydrogen chamber.

In this, the second of a two-part interview, the chamber's executive director, Karen Peralta, tells BNamericas why the future is bright for the nascent sector. The first part of the interview can be seen here.

BNamericas: How are the projects currently in development being financed, and how do you see the financing landscape for the sector in the coming years? Will there be enough support from banks, private equity and the government to ensure that the sector grows as expected?

Peralta: At the moment, the projects developed in Colombia – mainly pilot projects – are funded through companies' own resources and some incentives from the science, technology and innovation system, as these projects are research-oriented. Industrial-scale projects currently lack external financing and rely solely on corporate resources.
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