Yeongwang

South Korea

Project

In 2022 Hexicon divested its shares in the Yeonggwang YA02 project.

 

In June 2022 Hexicon Korea signed a sale and purchase agreement with an undisclosed energy company for the entire Yeonggwang Project, an offshore wind project about 50 kilometres off the south-west coast of South Korea. Hexicon Korea thereby sold off its 40 percent stake in the 1200 MW project.

 

Hexicon Korea is a joint venture between Hexicon and Korean company COENS Co, In which Hexicon holds 49 percent.

 

The purchase agreement was followed by a service contract agreement in which Hexicon Korea will provide engineering services to the project moving forward.

Milestones achieved

Divestment of project shares carried out June 2022.