- Published: 18 May 2021 18 May 2021
Swedish floating wind farm developer and technology provider Hexicon is to acquire the Wave Hub offshore renewable energy test site in Cornwall, South West England.
The deal, which is expected to complete at the end of May, will see Hexicon through its UK subsidiary, TwinHub Limited, acquire the assets of Wave Hub Limited from local authority, Cornwall Council, for an undisclosed sum. The Wave Hub site lies 16 km north of St Ives and Carbis Bay. Hexicon intends to develop the site for a 30-40MW floating offshore wind project and deploy their twin-turbine floating foundation. The deal does not include Wave Hub Development Services. Cornwall Council will retain this as a wholly-owned business, to provide support to the TwinHub project and other Celtic Sea deployments.