Italy – Hexicon and Avapa Energy have formed a 50-50 joint venture, AvenHexicon SRL, with the goal of developing floating wind power projects in Italian waters.
Hexicon will also license its patented technology to AvenHexicon for use in its projects as well as by third parties. Italy is a major recipient of the EU Green Deal and is thus regarded as a key market in Europe for floating wind power.
Hexicon has been looking for a partner to join forces with in developing floating wind power projects in Italy, in line with its strategy of being an early-stage developer in key markets and working with local companies. Avapa Energy, based in Bologna, has many years of experience developing solar and wind parks on land, and has the know-how and local knowledge to complement Hexicon’s profile in floating wind power.
Italy, as one of the primary recipients of the EU Green Deal, has begun to implement the regulatory changes required to develop offshore wind power. AvenHexicon will identify suitable sites for floating wind power parks in parallel with national preparations in order to begin the necessary permit processes as soon as possible. AvenHexicon will also adopt and promote the use of Hexicon’s patented technology for floating platforms with tilted towers by other players.
