As a world leading early-stage developer of floating offshore wind projects, Hexicon is constantly exploring new opportunities and expanding our existing market activity. Hexicon is one of the few companies within the field of offshore wind with more than 10 years of experience. The regional teams have extensive local knowledge ensuring to identify the best locations to deploy floating wind.
Project developer
First mover in a rapidly expanding market
PROJECT DEVELOPMENT PROCESS
As part of Hexicon’s dual business model, Hexicon creates value from being a project developer. As a project developer, Hexicon is leading the process in the first 2-8 years of a project. During this period Hexicon is building valuable partnerships with local stakeholder and seeking permits to deploy the construction of floating wind farms. Until the final investment decision (FID), Hexiconâs ownership in projects is later divested at a premium well before completion and even construction.
Projects
Location
Estimated gross capacity
Hexiconâs stake
Site(s)
Partner(s)
Target FID/COD
MunmuBaram
South Korea
Ulsan
~1.300MW
20%
Secured
Shell Overseas Investments B.V
2025 / 2027
Pohang
South Korea
East Coast
900MW
30%
Secured
Hexicon Korea
TBA
Pentland Floating Wind Farm
Scotland
Dounreay
100MW
10%
Secured
CIP
2024 / 2026
Freja Offshore
Sweden
Multiple
+3.000MW
50%
Identified
Aker Offshore Wind
2027> / 2029>
TwinHub
England
Cornwall
32MW
100%
Secured
Bechtel
2023 / 2025
TBA
Italy
Multiple
~2.550MW
50%
Secured
AvenHexicon
TBA
Gross projects + 7.500 MW
Net projects + 3.000 MW
FID – Final Investment Decision COD – Commercial Operational Date
Prospects
Location
Estimated gross capacity
Hexiconâs stake
Site(s)
Partner(s)
TBA
South Africa
Richards Bay
800MW
50%
Identified
Genesis Hexicon
TBA
Spain / Portugal
Canary Islands, NW Portugal
TBA
75%
Selection ongoing
WunderHexicon
TBA
Ireland
West Ireland
2.000MW
100%
Identified
TBA
TBA
Italy
Multiple
+3.000MW
50%
Identified
AvenHexicon
Gross prospects + 5.500 MW
Net prospects + 2.500 MW
1 MW â 1000 households, ârule of thumbâ industry standard
