KGAL won internationally tendered mandate to manage PtX Development Fund
KGAL has won an internationally tendered mandate to manage KfW’s PtX Development Fund for the promotion of green hydrogen.
The PtX Development Fund, funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), supports public entities and private firms in developing the green hydrogen value chain. It primarily targets developing economies with favorable conditions for green hydrogen production. The fund finances industrial projects involving the production, transportation, storage, utilization, and further processing of green hydrogen. Collaborating with KfW Bankengruppe’s PtX platform, the projects' total investment reaches billions. The PtX Development Fund aims to accelerate the market adoption of green hydrogen, aiding global economic decarbonization. Simultaneously, it promotes socio-ecological economic transformation in developing nations. KGAL plays a significant role in this responsible endeavor.
Country updates
-
-
October 04, 2023
Greencoat Renewables to acquire 23% stake in 288 MW Offshore wind farm in Germany
Greencoat Renewables has agreed to acquire an additional 22.5% stake in the 288 MW Butendiek offshore wind farm in the German North Sea from an affiliate of Siemens Pension Trust.
Read more -
October 04, 2023
Greencoat Renewables to acquire additional 23% stake in 288 MW Butendiek offshore wind farm
Greencoat Renewables has agreed to acquire an additional 22.5% stake in the 288 MW Butendiek offshore wind farm in the German North Sea from an affiliate of Siemens Pension Trust. The transaction con...
Read more -
August 25, 2023
Deutsche Bahn to offtake 20 MW from 960 MW offshore wind farm in the North Sea
Deutsche Bahn AG has announced its plans to acquire 20 MW of power from the 960 MW He Dreiht offshore wind farm project in the German North Sea. Under a power purchase agreement (PPA) signed with EnBW...
Read more -
August 15, 2023
DeepOcean wins installation contract for 1.6 GW wind project in Germany
RWE has chosen DeepOcean as the preferred supplier for subsea installation services in the Nordseecluster A offshore wind development.
Read more -
August 11, 2023
Deutsche Bahn to buy power from 200 MW offshore wind project in Borkum
Trianel Windkraftwerk Borkum (TWB) has signed a power purchase agreement (PPA) with Deutsche Bahn to supply wind power from the 200 MW Trianel Windpark Borkum I offshore wind project in Germany. The P...
Read more
