Our Partner:

KfW Entwicklungsbank (the German development bank) is one of the leading promotional banks since 1948 and is committed to improving economic, social, and environmental living conditions across the globe. KfW is both an experienced bank and a development institution with financing expertise and expert knowledge of development policy. On behalf of the German Federal Government, and primarily the Federal Ministry for Economic Cooperation and Development (BMZ), it finances and supports programmes and projects that mainly involve public sector players in developing countries and emerging economies – from their conception and execution to monitoring their success. The goal is to help the German partner countries to fight poverty, maintain peace, protect both the environment and the climate, and shape globalisation in an appropriate way.

The Project:

The Power-to-X (PtX) Fund is an innovative EUR 550 million fund that offers flexible financing options to facilitate large-scale investments in hydrogen projects in developing and emerging countries. The fund promotes diverse technology and growth pathways, supporting socio-economic development and environmental sustainability. Through the PtX Fund, KfW provides a unique opportunity to drive innovation and foster sustainable economic growth in these countries.

Our Tasks:

Broadpeak was hired by KfW to manage the tender process for identifying the best-in-class asset manager for the PtX Fund globally, in accordance with EU procurement guidelines. Our role involved meticulously preparing tender documents, including terms of reference and evaluation grids. As the intermediary between the candidates and KfW, we managed all communications. Subsequently, we evaluated the submitted proposals and conducted candidate interviews, enabling us to grade and rank the candidates effectively.

Our Deliverables:

We delivered various tender documents, including terms of reference and evaluation grids. Additionally, we provided a comprehensive analysis with the grading of received proposals from asset managers, organized interviews with asset managers, and compiled an evaluation report for KfW, which included our selection recommendation.

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