IFC selects Uruguay for its first-ever global green hydrogen investment
Uruguay, Dec. 3 -- International Finance Corporation (IFC), a member of the World Bank Group, announced its first-ever global investment in green hydrogen, partnering with Grupo Santander to develop Kahiros, Uruguay's pioneering project of its kind. The initiative creates jobs and positions the country as a regional leader in scalable clean-energy solutions.At a time when fewer than 5 percent of announced green hydrogen projects worldwide have reached the investment stage, this milestone underscores IFC's commitment to its clients in expanding access to diverse energy sources and demonstrates the potential of sustainable solutions in emerging markets.The project includes a $20 million green loan from IFC and will integrate solar power, hydr...
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