The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has selected Uruguay for its inaugural global investment in green hydrogen production.
The deal involves a $20 million green loan directed at Kahiros, a Uruguayan energy company, marking a significant milestone in the international development of renewable fuel infrastructure.
This commitment represents the IFC's first-ever capital allocation specifically for green hydrogen anywhere in the world.
By targeting Uruguay, the lender is betting on the country's established wind and solar resources as a foundation for scalable clean fuel production.
The financing structure aims to de-risk early-stage projects in the sector, potentially paving the way for larger institutional flows into Latin American energy markets.
The investment aligns with broader regional efforts to diversify energy exports beyond traditional commodities.