AES Andes abandons $10 bln green hydrogen project in Chile

AES Corporation +0.70%

AES Corporation

AES

14.30

+0.70%

- AES Andes said on Friday it abandoned a $10 billion green hydrogen and ammonia project in Chile to prioritize its renewable energy portfolio.

The AES Corp unit, which generates and sells power in Chile, Colombia and Argentina, said in a statement the decision reflected its focus on expanding renewable energy and energy storage.