Hexicon Sells UK TwinHub Floating Wind Project After CfD Termination
The title of this post, is the same as that of this article on Renewables Now.
This is the sub-heading.
Floating wind developer Hexicon AB (STO:HEXI) announced it has divested its 32-MW TwinHub offshore wind project in the UK’s Celtic Sea waters, which recently had its contract for difference (CfD) terminated.
These first three paragraphs add some details.
The Swedish firm said it had entered into and completed a sales and purchase agreement (SPA) related to the TwinHub project company, Wave Hub Ltd. The buyer is an unnamed “leading global provider of advanced maritime and offshore engineering solutions.” Financial details were not provided.
Hexicon bought Wave Hub Ltd in 2021, when the site was permitted for wave energy, and later repurposed it for a floating offshore wind project. The scheme secured a 15-year CfD in the fourth allocation round in 2022, which was a first for a development of this type.
Earlier this month, the UK government confirmed that the CfD for TwinHub had been terminated.
It appears that the new owners will be continuing the project.
Getting To Know More About TwinHub
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The Anonymous Widower 