KfW P2X Development Fund

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.

Want to know more about this policy ? Learn more (German)