To develop green hydrogen projects, Nordex and Acciona have formed a joint venture.
In regions with a large supply of onshore wind resources, Nordex H2 S.L. will construct green hydrogen projects.
These resources can be found in places where green hydrogen can be produced at a competitive price but are not connected to traditional electrical grids.
The Nordex Group has developed a pipeline of green hydrogen projects across the United States and Latin America, bolstered by the company’s prior project development expertise in wind.
For €68 million, Acciona purchased a 50% stake in this new Nordex Group venture, split evenly between Acciona S.A. and AccionaEnerga, in order to finance the company’s future growth and development.
The JV wants to create projects that will generate 0.5 million tonnes of green hydrogen annually within the next ten years, with a target renewable energy development pipeline of 50GW.
By 2027, the first projects would be prepared for construction.
Each of the projects, whose minimum installed renewable power capacity is 1 GW, will be implemented through strategic partnerships with additional public and private businesses and organisations who are also interested in the mass production or use of green hydrogen.
Chief executive of the Nordex Group, says José Luis Blanco “We are very happy to now accelerate these achievements together with Acciona, a strong partner with extensive expertise in large infrastructure projects.”
“This joint venture reinforces our shared commitment to a decisive contribution towards the decarbonization of the world’s economy.”
Moreover, Nordex and Sodena have established a joint venture to create electrolyzers for the production of green hydrogen.
During the following five years, this initiative will receive €15 million from both Nordex and Sodena, a publicly traded business owned by the Government of Navarra, in order to support the creation of a commercial prototype and its initial industrial deployment.
The need for electrolyzers is predicted by experts to increase from a very small capacity base today to 400GW by 2030.
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