KfW IPEX-Bank finances German hydrogen network
Published by Willow Munz,
Editorial Assistant
Global Hydrogen Review,
KfW IPEX-Bank has agreed to provide €150 million to Nowega, one of the 16 pipeline operators in Germany, with a further €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 hydrogen. KfW IPEX-Bank had already provided Nowega with a loan of €40 million for this purpose in 2020.
Aida Welker, Member of the Management Board of KfW IPEX-Bank, said: "We are very pleased to be able to support our customer Nowega once again. Maintaining and expanding the German and European energy infrastructure is a key concern of our bank, and our financing for the hydrogen core network contributes to the transformation of energy supply as well as to security of supply."
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/31122025/kfw-ipex-bank-finances-german-hydrogen-network/