Lifecycle
- Effective
- Last change
Country / jurisdiction: Germany · Year: 2023 · Status: In force · Level: National · Type: Voluntary
Managed by KGAL, this €270 million fund supports mature renewable hydrogen and Power-to-X projects in select countries, aiming to catalyze investment and promote environmental and social development. Funding is limited to electrolysis-based pathways, with up to €30 million available per project, targeting total project costs between €100–500 million. Projects must meet IFC environmental and social standards. In the first round, 98 proposals totaling €150 billion and 56 GW of electrolysis were submitted, with two projects selected: a 70 ktpa renewable ammonia project in Egypt and a 100 ktpa project in Morocco (offtake by OCP). The second call from Jan–Mar 2025 was open to projects in Brazil, Colombia, Egypt, India, Kenya, Morocco, and South Africa.
Official source: https://grmf-eastafrica.org/wp-content/uploads/2023/11/07_PtX-Platform.pdf
Source
https://www.iea.org/policies/16995Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.