Madrid– KKR, a leading global investment firm, and IGNIS, a leading integrated global renewable group based in Spain, today announce an agreement to launch IGNIS P2X, a new Power-to-X (P2X) platform to develop primarily green hydrogen and ammonia projects for industrial applications in hard-to-abate sectors. As part of the joint venture agreement, KKR will provide up to €400 million to develop and build future projects. KKR and IGNIS will own 50% each of IGNIS P2X when launched, which will start with a global pipeline of P2X and renewable projects.
As a global renewable developer and operator, IGNIS’ development portfolio…
