Project Developer

A well-diversified project portfolio

As a world leading early-stage developer of floating offshore wind projects, Hexicon is constantly exploring new opportunities and expanding our existing market activity. The regional teams have extensive local knowledge, ensuring to identify the best locations to deploy floating wind power. Hexicon operates in several markets across Europe, Africa, Asia and North America and builds value through project developments in partnerships with major players such as Shell, Copenhagen Infrastructure Partners, Bechtel and Aker Offshore Wind as well as with local partners. Ownership in projects can be divested at significant premium well before they are completed and even before construction is started. Successful projects are the result of careful planning, attention to detail and strong leadership throughout every phase of the project.

Hexicon Ireland

Ireland

Ireland has a potential of at least 30 GW of offshore wind and are committed to deploy at least 5 GW by 2030, in order to deliver on the promise to generate 80% of electricity demand from renewable energy by 2030. Ireland has some of the world’s best wind resources with wind speeds over 10 m/s, together with the vast continental shelf Ireland also has a lot of area with perfect bathymetry for floating wind. GWEC has highlighted Ireland as one of the Top 5 emerging markets for offshore wind.

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AvenHexicon

Italy

Italy is aiming to generate 55% of total electricity generation from renewables by 2030. With a large coastline and good wind resources, especially in the deep waters of the Mediterranean Sea, Italy has strong potential for floating wind and GWEC has highlighted Italy as one of the Top 5 emerging markets for offshore wind. Hexicon has entered into AvenHexicon, a 50/50 joint venture, with our partner Avapa energy who has extensive experience from developing renewable energy projects in Italy and abroad.

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Hexicon Power

Greece

With a continuously expanding energy grid and rising energy demand, Greece has become an increasingly important market for global renewable energy development. In line with the country’s overall economic recovery strategy, Greece now seeks to promote renewables, including offshore wind parks, to reduce its traditional reliance on fossil fuels and increase its share of clean energy sources.

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Hexicon UK

UK and Scotland

The United Kingdom has ambitious plans to reach zero emissions by 2050 with targets of 40 GW of offshore wind deployed by 2030. The United Kingdom is a world leader in the deployment of offshore wind and plans to continue that path. The country has set a target for net zero emissions by 2050 and is one of only two countries, alongside Japan, to have legislated against climate change.

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WunderHexicon

Spain and Portugal

Spain is set to spend at least EUR 200 million by 2023 on the advancement and development of offshore renewable energy technologies as the country tries to position itself as the leader in the field of research and development. The WunderHexicon project is Hexicon’s joint venture with WunderSight, with the aim of developing floating wind projects in Spain and Portugal.

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GenesisHexicon

South Africa

South Africa is commited to reduce carbon emissions with over 40 percent by 2025, and the Department of Environmental Affairs believes renewable energy is the most feasible means to achieve this. Hexicon has created a Joint Venture (JV) called; GenesisHexicon, with local partners. This is a first step to start the development of floating offshore wind projects off the coast of Richards Bay, South Africa.

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Hexicon Korea

South Korea

South Korea aims to raise renewables’ share to 20% by 2030 and up to a striking 42% by 2034, the ambition is to become carbon neutral by 2050. South Korea is focusing on expanding solar and wind power. By 2025, it aims to install 42.7 GW of new solar and wind energy.

South Korea
Freja Offshore

Sweden

In Sweden’s national climate policy framework, the government sets out its vision for a fossil-free Sweden and aims towards zero net emissions by 2045. Sweden’s electricity consumption is expected to increase sharply in the coming years, as a result of industry and transport being electrified and phasing out fossil fuels. The government has now decided on Sweden’s first marine plans with the increasing demand for offshore windpower.

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Hexicon North America

USA and Canada

The US has a critical pathway to achieve its ambitious clean energy goals through reliable, cost-effective and renewable energy. Major new commitments in the US supporting offshore wind include glide paths for leasing, permitting and major investments are on track to achieve 30 GW of offshore wind power by 2030. This will drive USD 109 billion total expenditures in the United States and more than 80,000 jobs in this dynamic sector on a pathway to meet up to 110 GW of offshore wind by 2050.

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TwinWay

Norway

After years of research and development, Hexicon is now developing its first full-scale TwinWind™ platform aimed to be installed at the MetCentre test site off the coast of Norway in 2023. With a water depth of 200 metres, favorable seabed conditions, shallow gradient, and excellent wind resource, the MetCentre site is an optimum location for the deployment of the TwinWind™ pilot project. This event is set to be a milestone in Hexicons journey towards scaling the patented TwinWind™ technology.

Norway