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Wave Hub owner Cornwall Council hopes the deal will lead to more offshore power schemes in the area.

Blue Abyss will appeal to a range of markets by simulating extreme environments in a safe and controlled setting and include the world's first commercial...

In a statement, Hexicon chief executive Marcus Thor said: “Hexicon has been active in UK floating wind market since 2014 and sees the acquisition of Wave Hub, and the deployment of our twin turbine technology in the Celtic Sea, as an essential stepping stone to fulfilling our long-term ambition of developing utility scale floating wind projects capable of delivery long term, consistent, and secure renewable energy at the lowest possible levelised cost of energy.” The Wave Hub site, which is 16km north of St Ives and Carbis Bay,  includes assets such as a 30MW grid-connection and agreeme...

Swedish developer 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, where world leaders will gather for the G7 summit from 11 June. Hexicon intends to develop the site for a 30-40MW floating offshore wind project and deploy its twin-turbine floating foundation...