- Published: 02 August 2021 02 August 2021
Swedish floating wind farm developer Hexicon has completed its acquisition of the Wave Hub renewable energy test site in Cornwall, South West England, paving the way for a floating demonstrator project in the Celtic Sea by 2025.
The deal sees Hexicon through its UK subsidiary, TwinHub Limited (TwinHub), acquire the assets of Wave Hub Limited from local authority, Cornwall Council, for £2.4 million.
Wave Hub Ltd’s assets include a 30 MW grid-connection and agreement with Western Power Distribution (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 with water depths of between 51m and 57m, and a 25-year seabed lease option from The Crown Estate.
TwinHub intends to develop the site for a 30-40MW floating offshore wind project and deploy its twin-turbine floating foundation. The deal was managed by Cornwall Council’s offshore renewable energy company Celtic Sea Power.