The German government is promoting the global market ramp-up of PtX in India and six other partner countries with its PtX Development Fund. The aim of the PtX Development Fund is to support the establishment of local value chains and the use of green hydrogen and its derivatives and to enable their connection to a technology of the future.

On behalf of the German Government, funding in the range of EUR 30 million (grant funds) is provided for projects along the entire PtX value chain: from the generation of green electricity through renewable energies to the production and transport of green hydrogen and derivatives. The aim is to promote capital-intensive PtX projects that are not yet "bankable" in an “as uncomplicated way as possible” and thus close the existing financing gaps.

To inform its interested Indian private and public companies about the current funding opportunities, KfW in collaboration with the Indo-German Energy Forum (IGEF-SO) hosted a webinar on “PtX Development Fund - Closing the financing gaps in PtX projects” on Monday, 11 December 2023, the day when the PtX Development Fund has been published its first call for expression of interest at COP-28.

Mr. Stefan Kliesch, Head of Energy Team at KfW Office in India, moderated the webinar and Mr. Wolf Muth, Country Director at KfW Office in India, welcomed the participants with his opening remarks. Wolf Muth underlined that the PtX Development Fund financed by the German Federal Ministry for Economic Cooperation and Development can play a major in closing the financing gaps in PtX projects. Moreover, he explained that the viability gap funding can be supported with reduced interest/promotional loans of KfW Development Bank or other financing instruments from KfW Group (e.g. equity, mezzanine and debt financing).

KGAL has been commissioned to manage the PtX Development Fund on behalf of KfW. Therefore, the management of KGAL informed the numerous webinar participants about the key facts, eligibility criteria, the started call for expression of interest and the registration process on the Fund website. The participants triggered a lively discussion after the informative and concise presentation of KGAL.

Mr. Kliesch concluded the webinar while highlighting that PtX projects of public and private companies in India could become viable with the grants of the PtX Development Fund as well as potential subsidies from MNRE and other financing instruments from KfW Group. He pointed out that his colleagues Ramana Reddy, Senior Energy Specialist, and Vivek Jha, GH2 expert and external consultant at KfW Office in India, will be the first persons of contact for partners that are interested in funding of the PtX Development Fund.

Interested partners can also receive further information via the Fund website https://ptx-fund.com/.