08/03/2021

Hexicon acquires Wave Hub

Hexicon has completed its acquisition of the Wave Hub renewable energy test site in Cornwall, paving the way for Hexicon’s first deployment of its Twinwind floating foundation technology in UK waters by 2025.

Official Press Release Hexicon:

Hexicon completes Wave Hub Ltd acquisition for offshore floating wind technology demonstrator

Wind Industry Profile of

Hexicon, a leading technology and project developer in floating wind farms, has completed its acquisition of the Wave Hub renewable energy test site in Cornwall, South West England, paving the way for Hexicon’s first deployment of its Twinwind floating foundation technology in UK waters by 2025.

The deal, first announced in May, sees Hexicon through its UK subsidiary, TwinHub Limited (TwinHub), acquire the existing assets of Wave Hub Limited from local authority, Cornwall Council, including a 30 MW grid-connection (expandable to 40 MW); a four-way seabed hub 16 km offshore and four inter array cables; an onshore sub-station and related land; a consent over eight square kilometres of sea, and a 25-year seabed lease option from The Crown Estate. TwinHub intends to... ... More: Official Press Release Hexicon