446 results found for 'hexicon'

446 results found for 'hexicon'
Order results by

A list of search results

  • Hexicon Books Impairment Related to TwinHub, Seeks to Divest Floating Wind Project

    2 February 2026
    Business & Finance, Floating Wind

    Swedish floating wind technology developer has reported a SEK 115 million (nearly EUR 11 million) impairment related to its TwinHub floating wind project in the UK. Hexicon’s project secured a Contract for Difference (CfD) in the UK government’s fourth allocation round (AR4) in 2022 at a strike price of GBP 87.30/MWh. The same year, the […]

  • Consortium Behind 1.14 GW Sicily South Floating Wind Project Submits EIA to Italian Gov’t

    22 May 2026
    Floating Wind, Planning & Permitting, Project Updates, Wind Farm Update

    The consortium comprising Oxan Energy, Ingka Investments, and Avapa Energy has submitted an Environmental Impact Assessment (EIA) for the 1.14 GW Sicily South floating wind project to Italy’s Ministry of Environment and Energy Security. The filing of the EIA officially launches the public consultation phase. Now renamed Dentice, the floating wind farm is planned to […]

  • FIDs on UK’s Newly Awarded Offshore Wind Farms Coming Up in 2026, 2027

    15 January 2026
    Business & Finance, Fixed-Bottom, Floating Wind, Project Updates, Wind Farm Update

    Some of the offshore wind projects that secured Contracts for Difference (CfDs) in the UK’s seventh allocation round (AR7) are gearing up towards final investment decisions, with the first AR7 projects expected to reach this stage as early as this year, with others following suit in 2027. The FID for the first of the four […]

  • Milestone for MunmuBaram as Hexicon’s Floating Wind Project Gains Safety Clearance

    12 November 2025
    Floating Wind, Project Updates, Wind Farm Update

    MunmuBaram, owned by Hexicon, has completed the Marine Traffic Safety Examination (MTSE), marking a milestone in advancing the floating offshore wind project toward full permitting and construction. The developer said that this examination is a vital regulatory step that evaluates how offshore wind development may affect existing vessel routes and overall maritime safety. Throughout the […]

  • Great British Energy Acquires Stake in Scottish Floating Wind Project

    20 November 2025
    Business & Finance, Floating Wind, Project Updates, Wind Farm Update

    Pentland Floating Offshore Wind Farm, a Scottish project developed by Copenhagen Infrastructure Partners (CIP), has secured investment from Great British Energy, National Wealth Fund and Scottish National Investment Bank, each with the option to invest up to GBP 50 million (approximately EUR 58 million), the developer said on 19 November. Each of the investors has […]

  • CIP Presses Ahead with 1.5 GW Floating Wind Project in South Korea

    14 November 2025
    Business & Finance, Floating Wind, Project Updates, Wind Farm Update

    Haewoori Offshore Wind has obtained approval for the Marine Traffic Safety Assessment (MTSA) from the Ministry of Oceans and Fisheries for its 1.5 GW floating wind project in South Korea. The developer said that this is a result of years of close collaboration with the ministry and related authorities to ensure safe and responsible project […]

  • IX Renewables, Taiwanese Cement Company Partner on Rui Li 1 Floating Wind Project

    29 October 2025
    Business & Finance, Floating Wind, Project Updates, Wind Farm Update

    IX Renewables has signed a cooperation agreement with Asia Cement Corporation (ACC) for the 180 MW Rui Li 1 floating offshore wind project in Taiwan. According to IX Renewables, this adds new momentum to a sector that has, until recently, been slowing, as the country works to advance its energy transition and net-zero ambitions. “This […]

  • Tariffs Hit US Offshore Wind Project, Costs Rise by USD 443 Million Mid-Construction

    3 November 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Dominion Energy said in its third-quarter 2025 results that recently imposed US tariffs have been incorporated into the updated cost estimate for the Coastal Virginia Offshore Wind (CVOW) project. The company now places total capital costs for the 2.6 GW offshore wind farm at approximately USD 11.2 billion (approximately EUR 9.7 billion), up from about […]

  • Hexicon’s MunmuBaram, Ulsan City Ink Floating Offshore Wind LOI

    9 September 2025
    Business & Finance, Collaboration, Floating Wind, Outlook & Strategy

    The developer behind the MunmuBaram floating offshore wind farm in South Korea has signed a Letter of Intent (LOI) with the Ulsan Metropolitan City to strengthen cooperation in developing the floating offshore wind industry and support regional economic growth. Under the agreement, Ulsan City will foster a supportive environment to encourage investment and project execution, […]

  • Hexicon and EAMAA Start Floating Wind Venture Offshore Greece

    11 April 2022
    Business & Finance, Technology

    Swedish floating wind specialist Hexicon has created a joint venture, Hexicon Power SA, with Greece’s EAMAA, described as a first step to start the development of floating offshore wind projects off the coast of Greece. A new legal framework for offshore wind is expected this year and Hexicon is now set to establish a presence […]

  • Hexicon Enters Floating Offshore Wind Market in Italy

    29 December 2021
    Business & Finance, Technology

    Sweden’s Hexicon has created a 50-50 joint venture – AvenHexicon SRL – with Avapa Energy to jointly develop floating wind power projects in waters offshore Italy. In addition, Hexicon will license its patented technology to AvenHexicon for use in its projects and by third parties. Italy is one of the main recipients of the EU […]

  • MunmuBaram and South Korean Fishery Authority Agree on Wind Farm Impact Study

    24 July 2025
    Business development, Environment, Floating Wind, Research & Development

    The developer of the MunmuBaram floating offshore wind farm in South Korea has signed a memorandum of understanding (MoU) with the Ulju Fishery Committee to enhance cooperation and carry out a fishery impact survey as part of its project development. This agreement sets out plans for MunmuBaram to assess the potential impacts on fishing activities, […]

  • Hexicon Raises EUR 1.2 Mln

    12 September 2014
    Business & Finance

    Swedish offshore wind energy developer Hexicon has attracted SEK 11.4 million (EUR 1.24 million) in the form of a rights issue to existing owners. Hexicon develops floating platforms for offshore wind energy. Swedish offshore wind energy company Hexicon, which recently announced an agreement with steel maker giant SSAB to develop offshore wind power platforms at […]

  • Two-Turbine Floater to Spin Offshore Norway

    10 May 2021
    R&D, Technology

    Swedish floating wind specialist Hexicon will develop a demonstrator project for floating wind power at Metcentre’s deep water area off of Norway’s coast. The project, TwinWay, is a pilot to commercialise new offshore floating wind technology, Hexicon said. The Stockholm-based Hexicon develops wind power projects in deepwater areas based on patented technology, and Norwegian Marine […]

  • Expert Authorities from EU Member States Support Hexicon in EU Investment Program NER300

    16 May 2011
    Authorities, Business & Finance

    Expert authorities and government departments in Sweden, Malta and Cyprus have decided to support Hexicon in the EU investment program for renewable energy NER300. Hexicon, a Swedish company specializing in large-scale, floating platforms for wind and wave power, might together with local partners thereby be selected by the European Commission to benefit from a 4.5 […]

  • Hexicon Acquiring Shell’s Stake in 1.1 GW South Korean Floating Wind Project

    22 February 2024
    Business & Finance, Floating Wind

    Swedish floating wind developer Hexicon and Shell have signed an agreement under which Hexicon will acquire Shell’s 80 per cent stake in the MunmuBaram floating wind project. Once the transaction is closed, Hexicon, which currently holds the remaining 20 per cent stake, will fully own the South Korean project. Under the agreement, Hexicon will pay […]

  • Malta: Public Consultation for Offshore Wind Farm Project Closes This Month

    13 March 2012

    Last month, the Malta Environment and Planning Authority opened a 36-turbine floating wind farm project off the northeast coast of Malta proposed by the Swedish company Hexicon for a public consultation. The public can take part in the process until 17 March and have their say about this proposed project. According to a Project Description […]

  • Hexicon Cashes in EUR 1.23 Mln

    21 July 2014
    Business & Finance, R&D, Technology

    Hexicon Ltd has successfully completed a rights issue of 11.4 MSEK (EUR 1.23 million) to secure the development of Hexicon’s innovation for offshore wind at deep waters. The rights issue allows a faster and more robust implementation of the new strategy to develop floating platforms for offshore wind energy, and demonstrate its innovation by building […]

  • Hexicon Completes Model Test for Its Two-Turbine Floater

    21 June 2021
    R&D, Technology

    Hexicon has completed a model test of its two-turbine floating wind platform at the MARIN testing centre in the Netherlands. The testing was part of the design work for the company’s demonstration project TwinWay, which will see the floating wind platform installed at Metcentre in Norway by 2023. The model was tested in extreme weather […]

  • Worley Joins Hexicon’s Two-Turbine Floater Demonstrator Project

    15 November 2021
    Business & Finance, Technology

    Hexicon has partnered with Worley for the Front-End Engineering Design (FEED), Engineering Procurement Fabrication (EPF), and installation management of the TwinWay project in Norway, a pilot to commercialise Hexicon’s floating offshore wind technology. Through the partnership, Worley will take over the project specific engineering, planning and fabrication phase, including the management of the installation, following […]

  • Hexicon Closer to Finalizing Floating Offshore Wind Deal in South Korea

    28 November 2024
    Business & Finance, Floating Wind

    Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business Licenses (EBLs) for the MunmuBaram floating offshore wind project. With this approval, […]

  • Malta: Offshore Wind Project Continues as Planned

    29 July 2012
    Wind Farm Update

    Hexicon AB, a Swedish clean tech company specializing in the design of off-shore platforms for wind and wave power, is continuing the development of a renewable energy solution for Malta together with the local subsidiary Hexicon Malta Ltd and in close cooperation with Maltese authorities. The project is independent of and thereby unaffected by the European […]

  • Hexicon Increases Stake in 1.3 GW South Korean Floating Offshore Wind Farm

    4 August 2022
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Sweden-based Hexicon has decided to increase its direct ownership to 20 per cent in the MunmuBaram floating wind project off the southeast coast of South Korea. Hexicon Korea, a joint venture between Hexicon and Korean company Coens & Co where Hexicon holds 49 per cent, owned 20 per cent of the MunmuBaram Co., Ltd. which […]

  • SSAB, Hexicon to Optimize Steel for Offshore Wind Platforms

    12 May 2014
    R&D, Technology

    SSAB is entering into an agreement with Hexicon AB to develop far off shore platforms. The combined technology will offer advantages within the market for renewable energy. A first demonstration unit is planned for Swedish waters in 2017. Hexicon will together with SSAB optimize the steel material in the foundation of the wind platforms to […]

  • Malta Opens Public Consultation on 36-turbine Offshore Wind Farm Project

    27 February 2012
    Authorities

    The Malta Environment and Planning Authority has opened public consultation on a 36-turbine floating wind farm project off the northeast coast of Malta proposed by the Swedish company Hexicon. A closing date for the consultation period will be additionally announced. According to a Project Description Statement, the offshore wind farm will comprise 36 turbines set […]

  • Hexicon and Elia to Optimise Floating Offshore Wind Farm Transmission Connection

    11 May 2022
    Business & Finance, Contracts & Tenders

    Sweden-based Hexicon and Elia Grid International (EGI) have joined forces to connect the wind energy produced by floating offshore wind farms to the onshore grid. Under the agreement, the partners will develop concepts and projects to integrate large-scale floating offshore wind farms into the onshore power systems. By doing so, the two companies expect to […]