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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. Based in Bologna, Avapa Energy has many years of experience from developing solar and (onshore) wind parks. AvenHexicon will identify suitable sites for floating wind power parks in order to initiate the necessary permit processes as quickly as possible. AvenHexicon will also adopt and promote the use by other players of Hexicon’s patented technology for floating platforms with tilted towers.
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