Germany's state-backed Power-to-X (PtX) Development Fund, managed by KGAL, is ramping up to support mature renewable hydrogen projects in various countries to advance environmental and social development objectives. The fund, with a €270mn purse managed by Berlin, recently allocated €30mn to an Egyptian project set to produce 70,000 t/yr of renewable ammonia. The second round of funding, open from 8 January to 5 March 2025, includes countries like South Africa, Brazil, Morocco, Kenya, India, Egypt, and the new addition, Colombia. Colombia's favorable renewable conditions and government support make it an attractive candidate for PtX production. Projects eligible for funding must fall within a capital cost range of €100mn to €500mn and undergo comprehensive assessments to ensure economic viability and positive ecological and social impact. The fund prioritizes projects that contribute to greenhouse gas reduction, fossil fuel substitution, job creation, and offer scalability. By adhering to World Bank and IFC standards, the fund aims to support sustainable projects that align with renewable energy principles and avoid conflicts with local environments. The fund supports projects that have local offtakers, although some products may be exported. Lessons from the first round emphasize the importance of environmental and social impact assessments and the need for projects to incorporate electrolysis technology. The fund aims to drive development in the PtX industry by supporting projects that demonstrate a commitment to sustainability and positive global impact.