Green hydrogen. Credit: AA+W / AdobeStockFreshfields and CMS Advise on €24B Hydrogen Mega-Deal in Germany
The state development bank KFW has released a €24 billion loan for the expansion of the country's German hydrogen network.
November 29, 2024 at 12:20 PM
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CMS and Freshfields are advising on an initiative by the German government to reduce its reliance on natural gas by developing a core hydrogen network.
The state development bank KfW has released €24 billion for the project to help the country cover 30% to 50% of its hydrogen requirements itself. The business partners in the revolving credit facility are KfW and the special purpose vehicle H2 Amortisationskonto.
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