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Stockholm-based Hexicon AB has clinched 15 years of revenue support from the UK Government, for its TwinHub floating wind project

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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...

Cornwall expected to be big beneficiary of Budget spending Green projects are likely to see investment in Chancellor Rishi Sunak's Budget on Wednesday Updated Chancellor of the Exchequer Rishi Sunak departs Downing Street (Image: Stefan Rousseau/PA) Green projects in Cornwall are expected to be big beneficiaries in Chancellor Rishi Sunak’s first formal Budget of the pandemic on Wednesday. A Treasury source told The i newspaper: “We can expect to see some major commitments to green energy projects with hundreds of millions spent on ensuring the nation is ready for greener transport and be ...