The German Government has made its first loan payment for the construction of the nation’s 9,040km hydrogen core network (HCN).
State-owned bank KfW, which is supporting the development with a €24bn ($25.9bn) loan, transferred €172m ($186m) to the H2 Amortisationskonto GmbH (AMKG) special purpose vehicle to make the payment.
The pipeline network to be built and operated by the private sector, and financed by user fees, transmission system operators (TSOs) can secure loans from AMKG to cover initial losses.
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