Allianz Capital Partners, an asset manager, agreed to acquire a minority stake in Ren-Gas, a green hydrogen and power-to-gas project developer, for €25m. “Ren-Gas has focused on an analytical, transparent, and value-based approach in development of its business with utility partners and other stakeholders. This approach has enabled Ren-Gas to create a portfolio of well-structured, financeable hydrogen and power-to-gas projects. We are extremely happy that Allianz, as one of the world’s leading insurers and asset managers, recognizes the value of Ren-Gas approach to project development and becomes our partner to support the development of our hydrogen projects to execution. I am convinced that as our partner Allianz will provide a strong basis for us to develop and finance our projects and move our unique team forward,” Saara Kujala, Ren-Gas CEO.