KfW (IPEX-Bank and DEG)
KfW operates mainly through two units: IPEX-Bank, which focuses on export and project finance linked to German and European interests, and DEG, which provides loans and equity to private companies in developing countries, similar to the IFC model. Together, they account for over 90% of KfW’s lending. Recent hydrogen-related financing includes:
EUR 325 million for Saudi Arabia’s NEOM project
EUR 23 million for a hydrogen funding program in South Africa
EUR 187.5 million loan to H2 Green Steel (now Stegra) in Sweden
EUR 25 million loan to ACWA Power for a 20-MW electrolyser in Uzbekistan
EUR 100 million subsidized loan for Chile’s H2V Green Hydrogen Facility, part of a €1 billion public funding effort to mobilize €12.5 billion in private capital
EUR 325 million for Saudi Arabia’s NEOM project
EUR 23 million for a hydrogen funding program in South Africa
EUR 187.5 million loan to H2 Green Steel (now Stegra) in Sweden
EUR 25 million loan to ACWA Power for a 20-MW electrolyser in Uzbekistan
EUR 100 million subsidized loan for Chile’s H2V Green Hydrogen Facility, part of a €1 billion public funding effort to mobilize €12.5 billion in private capital
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