Hexicon to develop floating offshore wind in Celtic Sea

News

A30-40MW floating offshore wind project is to be developed off the Cornish coast following Hexicon’s acquisition of Wave Hub from Cornwall Council. 

The deal will see Hexicon, a Swedish floating windfarm developer and technology provider, acquire the assets of Wave Hub through its UK subsidiary TwinHub. The transaction is expected to complete at the end of May for an undisclosed sum.

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In a statement, Hexicon chief executive Marcus Thor said: “Hexicon has been active in UK floating wind market since 2014 and sees the acquisition of Wave Hub, and the deployment of our twin turbine technology in the Celtic Sea, as an essential stepping stone to fulfilling our long-term ambition of developing utility scale floating wind projects capable of delivery long term, consistent, and secure renewable energy at the lowest possible levelised cost of energy.”

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