Siemens, Verano Energy sign agreement for 25 GW green hydrogen project in Antofagasta

Siemens has entered into a partnership with Verano Energy to develop the 25 GW Los Amigos del Verano green hydrogen production complex in Chile. The project involves an investment of US$2.9 billion.

The commune of Taltal, located in the Antofagasta region, has been chosen as the site for the complex, which aims to be a symbol of sustainable energy. The green hydrogen project is divided into four phases, with phases 1, 2, and 3 consisting of two hydrogen generation plants, each capable of producing 2.5 GW of clean energy. Phase 4 is planned with four 2.5 GW hydrogen generation plants.

Siemens and Verano Energy envision transporting the facility's hydrogen and ammonia through a pipeline spanning approximately 100 km to a marine storage and distribution facility along the coast. Additionally, the project aims to incorporate desalination plants to ensure the sustainable sourcing of water for the hydrogen production process.

Construction is scheduled to commence in 2025, with the first phase projected to be operational by 2027 and the final phase set to begin operations by 2033.