Chile to Introduce Tax Incentives for Green Hydrogen Derived from Renewable Energy Sources

Chile's Ministry of Finance has announced the submission of draft legislation for the introduction of tax incentives to promote so-called green hydrogen (H2V), which is derived from renewable energy sources such as solar and wind, as opposed to hydrogen produced from fossil fuels. This includes two main incentives. The first incentive is a corporate (first category) tax credit for companies that purchase H2V or any of its derivatives, such as green ammonia or green methanol, from local produ…