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Aker Offshore Wind and Hexicon target Swedish floating market

By: Tom Russell 29/03/2021 Aker Offshore Wind

General Windfarms

Aker Offshore Wind and Hexicon have entered into a joint development agreement to explore opportunities to realise floating wind projects offshore Sweden. The companies intend to establish a 50-50 joint venture with an ambition to realise multiple Swedish projects that could generate several gigawatts of renewable power.

“Working with Hexicon presents an opportunity to actively take part in shaping the Swedish offshore wind market, and to support the country’s energy transition towards net zero,” says Astrid Skarheim Onsum, Chief Executive Officer of Aker Offshore Wind. “In Hexicon, we see a strong cultural fit and a partner with complementary skillset in local project development.”

Stockholm-based Hexicon was founded in 2009 and has experience developing floating offshore wind projects with other established industry partners in countries such as Korea and Scotland. Hexicon develops wind power projects in deep water areas based on a patented technology for floating wind farms.

Aker Offshore Wind is an offshore wind developer headquartered in Norway with focus on assets in deep waters. With global operations, the current portfolio consists of development projects and prospects located in Asia, North America and Europe.

“As a Swedish company, we want to take an active part in the domestic energy transition. Sweden has large energy needs, and the Swedish industry is dependent on a stable energy supply,” says Marcus Thor, Chief Executive Officer of Hexicon. “Together with the great team at Aker Offshore Wind, we will be able to accelerate the work to develop Sweden’s first floating wind projects.”

Aker Offshore Wind was supported on this agreement by Green Giraffe (financial advisor) and Advokatfirmet BAHR (legal advisor).

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Aker Offshore Wind and Hexicon target Swedish floating market

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