KfW IPEX-Bank provides financing for hydrogen core network in Germany
Germany, Dec. 16 -- KfW IPEX-Bank is providing EUR 150 million to Nowega, one of the 16 transmission system operators in Germany, with a further EUR 30 million being contributed by DekaBank. Nowega is planning an extensive investment programme in hydrogen and gas infrastructure in the coming years. The current financing is for the conversion and expansion of hydrogen infrastructure and the development of biogas infrastructure. HKCF has advised its long-standing client Nowega on the long-term financing contracts for this investment project.The hydrogen infrastructure is to be developed essentially by converting existing gas pipelines - the first gas pipelines have already been successfully converted in preparation for the future transport of...
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