Hexicon forms a floating JV in Italy – reNews
Hexicon has partnered with Avapa Energy to form a joint venture in Italy to develop floating wind projects in Italian waters.
AvenHexicon is a 50:50 joint venture, which will have Hexicon licensed its patented technology for use in projects and for use by third parties.
Hexicon said it is looking for a partner to partner with to develop floating wind power projects in Italy.
Avapa Energy is based in Bologna and has many years of experience developing onshore solar and wind farms and has the local know-how and knowledge that matches Hexicon’s profile in floating wind energy, said the duo.
AvenHexicon will identify suitable sites for floating wind projects in order to initiate the necessary authorization processes as quickly as possible.
The JV will also adopt and promote the use by others of Hexicon’s patented technology for tilted tower floating platforms.
Hexicon CEO Marcus Thor said: âAn important part of our business model is to enter promising new markets as early as possible and to establish both our project development skills and our technology with local partners. .
âWe have found an ideal partner in Avapa Energy, and with AvenHexicon we look forward to supporting Italy in its expansion of fossil-free power generation. “
Alberto Dalla Rosa, partner of Avapa Energy, said: âFloating wind energy with its advanced low impact technology will play an important role in the Italian energy transition process, and we are happy to collaborate with Hexicon to develop wind farms. floating wind turbines in Italian waters. “