Hexicon and Avapa Energy form joint venture for Italian floating market

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Hexicon has created a 50-50 Joint Venture – AvenHexicon SRL – with Avapa Energy with the purpose of developing floating wind power projects in Italian waters. 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 Green Deal and is hence assessed to be a key market in Europe for floating wind power.

In line with its strategy to be an early-stage developer in key markets and to work with local companies, Hexicon has been looking for a partner to join forces with in developing floating wind power projects in Italy. Based in Bologna, Avapa Energy has many years of experience from developing solar and wind parks on land and has the know-how and local knowledge that match... ... More: Official Press Release Hexicon

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Hexicon, Sweden, Italy, market, joint venture, offshore, wind farm, floating, Avapa Energy, EU Green Deal, coast, AvenHexicon, project, development