Hexicon has completed the divestment of the TwinHub project in Cornwall, United Kingdom, through a sales and purchase agreement with a global maritime and offshore engineering provider. Under the agreement, Hexicon has transferred its full 100% stake in the project company, Wave Hub, including all associated assets and liabilities, for a total consideration of GBP 1.
The buyer has not been disclosed. Hexicon acquired Wave Hub in 2021. The site was originally permitted for wave energy and has since been progressed for use as a floating offshore wind project. The company recognised an impairment on the project in December 2025 following increased inflationary pressures and higher supply chain costs, as reported in January 2026.
