Does Uruguay have good conditions for green hydrogen & derivatives?

After a process of analysis and exchange with relevant actors at national and international level, it is concluded that Uruguay has very good conditions for the development of green hydrogen and derivatives. This is due to its large amount of renewable energy sources and biogenic CO2, as well as its institutional stability and strong democracy.

What is the main source of energy in Uruguay?

Fossil fuels are primarily imported into Uruguay for transportation, industrial uses and applications like domestic cooking. Four hydroelectric dams provide much of the country's energy supply. Historically, energy has been a stronghold of state-owned companies, such as UTE and ANCAP.

What does ANCAP's 'h2u offshore' project mean for Uruguay?

The Uruguayan state-owned oil refinery, ANCAP, launched its “H2U Offshore” project to produce green hydrogen from renewable sources. The project seeks to further position Uruguay as a leader in green energy as the country looks to achieve carbon neutrality by 2050.

When will Uruguay's green hydrogen & derivatives roadmap be released?

Uruguay’s Green Hydrogen and Derivatives Roadmap under consultation until August 15, 2023. Its final version is now published.

Why are fossil fuels mainly imported into Uruguay?

Fossil fuels are largely imported into Uruguay for transportation and industrial uses. The high import costs, and the rapid transition to renewables on the electricity grid has increasingly made fossil fuels less important. Uruguay is a petroleum - importing country, and most of the industry is controlled by the state owned industry ANCAP.

Why did Uruguay reopen the Nuclear Debate?

The energy crisis in Uruguay in 2007 led to Uruguay reopening the nuclear debate under the presidency of Tabaré Vázquez, when the Executive Branch established a multiparty committee devoted to the study of the use of nuclear energy to generate electricity and the installation of a nuclear power plant.