KKR and Ignis Collaborate on €400m Power-to-X Platform for Green Hydrogen and Ammonia Projects
Key Ideas
- Uría Menéndez advised KKR on a €400m Power-to-X platform creation with Ignis to develop green hydrogen and ammonia projects for hard-to-abate sectors.
- The new platform will focus on managing traditional renewables like wind and solar for hydrogen and ammonia projects, as well as producing various green fuels for industrial applications.
- The team involved in this collaboration includes members with expertise in corporate and M&A, finance, and managing associates based in Madrid.
- Power-to-X technologies aim to convert renewable energy into carbon-neutral synthetic fuels to contribute to decarbonisation efforts in sectors like refining, steel, and agriculture.
Uría Menéndez has provided legal counsel to KKR on the establishment of a €400m Power-to-X (P2X) platform in partnership with Ignis. The primary focus of this collaboration is the development of green hydrogen and ammonia projects tailored for hard-to-abate sectors. The initiative seeks to leverage traditional renewable energy sources such as wind and solar to drive projects related to hydrogen and ammonia production. Additionally, the platform will oversee the creation of green hydrogen, ammonia, e-methanol, e-fuels, and SAF production facilities to cater to blue chip corporates in industries like refining, steel, chemical, and agriculture that are actively pursuing decarbonisation strategies. The team responsible for this venture includes experts in corporate and M&A, finance, and managing associates based in Madrid. Power-to-X technologies play a pivotal role in converting renewable energy, particularly from wind and solar sources, into carbon-neutral synthetic fuels. This endeavor aligns with the broader goal of decarbonising various sectors and fostering sustainable practices in energy-intensive industries.