German wind turbine group Nordex announced plans to develop gigawatt-scale green hydrogen projects with Acciona and a dive into the electrolyser business as it formed two joint ventures in renewable H2.

Spanish infrastructure group Acciona – which is also Nordex’s largest shareholder – will invest €68m ($74m) for a 50% stake in Nordex H2, with an ambition to amass a 50GW pipeline of projects – rated by renewable power source – targeting hydrogen production at off-grid, high-wind sites.

The JV will start life with eight sites in the US, Latin America and Africa, but won’t be active and in Spain and Portugal, where Acciona has a separate alliance with Plug Power.