Nordex: launch of two strategic joint ventures
Nordex is moving into green hydrogen with two strategic joint ventures aimed at achieving carbon neutrality by 2050. The first joint venture, in partnership with Acciona, will produce 0.5 million tons of green hydrogen annually in abundant onshore wind areas. The second initiative, with Sodena, aims to develop electrolysers to meet the growth in demand. Nordex, which is already present in more than 40 markets, continues its low-risk strategy while committing to the decarbonization of the global economy.
| Sectors | Hydrogen Energy, Wind Energy, Green Hydrogen, Onshore |
|---|---|
| Themes | Investments & Transactions, Commercial Partnerships |
| Companies | Acciona, Nordex |
| Countries | Spain, France |
The Nordex Group, specialized in renewable energy, announces its entry into the green hydrogen market by launching two strategic joint ventures. These initiatives are part of a logic of carbon neutrality to be achieved by 2050, requiring the use of clean sources.
Nordex partners to produce green hydrogen on a large scale through strategic joint ventures
The first joint venture, Nordex H2 S.L, developed with Acciona, aims to producegreen hydrogen in areas with abundant onshore wind resources. This joint venture plans to develop projects that will produce 0.5 million tons of green hydrogen annually over the next ten years. Thus, strategic agreements will be signed with other companies and institutions interested in the production or mass consumption of green hydrogen.
The second initiative, Nordex Electrolyzers, developed with Sodena, aims to develop, manufacture and market electrolyzers using a proprietary technology. This initiative will address the growth in demand for electrolysers, which is expected to increase from very marginal today to 400 GW by 2030.
Nordex: a rapidly expanding company in the renewable energy sector
The Nordex Group is already present in over 40 markets. Indeed, it has an installed wind power capacity of about 44 GW and a turnover of 5.7 billion euros in 2022. The company currently employs approximately 9,100 people. It also has plants in Germany, Spain, Brazil, the United States, India and Mexico. Its product portfolio focuses on 4 to 6.X MW onshore turbines, tailored to the requirements of countries with limited space and regions with limited grid capacity.
With these new initiatives, the Nordex Group confirms its commitment to the decarbonization of the global economy. The group continues to pursue its strategy of a low risk profile.
