PROJECT DEVELOPMENT
PROJECT DEVELOPMENT ON A GLOBAL SCALE
At Hexicon, we develop pioneering floating offshore wind projects worldwide, leveraging our comprehensive expertise and strategic partnerships. Our approach, characterised by meticulous planning and stakeholder engagement, not only sets new standards in the offshore wind industry but also demonstrates our global commitment to renewable energy innovation.
OUR MARKETS
In collaboration with our partners and local stakeholders, Hexicon initiates and develops floating offshore wind projects in deep water, beyond the horizon. We are proud to be one of few companies in the field of floating offshore wind power with more than fifteen years of experience. Our project portfolio is diversified with active projects in different stages spread out across three continents – in markets where floating offshore wind is one of few sustainable alternatives.
Explore the markets where we are active.
SOUTH AFRICA
Explore the South African market
SOUTH KOREA
Explore the South Korean market
UNITED KINGDOM
Explore the UK market
OUR PROJECT DEVELOPMENT PROCESS
With over fifteen years of extensive experience in early-stage project development and strategic partnerships, we guide the process from initial concept to the final investment decision (FID), ensuring the seamless progression of floating offshore wind projects while maximizing value through premium divestment ahead of construction.
STAGE 1. IDENTIFY MARKET POTENTIAL AND INVEST
With our deep industry expertise we identify early-stage development projects with the potential to deliver good risk-adjusted returns. Investing in early stages is less capital-intensive and less competitive as major industrial players enter later in the development phase.
STAGE 2. PROJECT DEVELOPMENT
Our expertise is in leading the development process during the initial years of a project, usually the first 2-8 years. During this period, we build valuable relations with partners and local stakeholders and prepare all permits needed to deploy the construction of the wind farms.
STAGE 3. DIVESTMENT
We gradually divest our ownership stakes in development projects before they move into a more capital-intensive phase. This means that during the development process, until the final investment decision (FID), before construction, our ownership in the projects is divested at a premium. Through established contacts and ongoing dialogues, Hexicon is well-positioned to optimize returns on invested capital.
OUR PROJECTS
Our project portfolio is diversified with active projects in different stages spread out across three continents – in markets where floating offshore wind is one of few sustainable alternatives.
Explore all of our projects in the table below
| PROJECT | JOINT VENTURE | COUNTRY | MW | HEXICON SHARE % | PARTNER |
|---|---|---|---|---|---|
| 2500 MW | 50% | ||||
| 2000 MW | 50% | ||||
| 2500 MW | 50% | ||||
| 1125 MW | 26,3% | ||||
| 800 MW | 29% | ||||
| 800 MW | 50% | ||||
| 100 MW | 10% | ||||
| 32 MW | 100% | ||||
| 1150 MW | 50% | ||||
| 1300 MW | 50% | ||||
| 1550 MW | 50% | ||||
| 700 MW | 50% |
| PROJECT | |
|---|---|
| JOINT VENTURE | |
| COUNTRY | |
| MW | 2500 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 2000 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 2500 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 1125 MW |
| HEXICON SHARE % | 26,3% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 800 MW |
| HEXICON SHARE % | 29% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 800 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 100 MW |
| HEXICON SHARE % | 10% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 32 MW |
| HEXICON SHARE % | 100% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 1150 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 1300 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 1550 MW |
| HEXICON SHARE % | 50% |
| PARTNER | |
| PROJECT | |
| JOINT VENTURE | |
| COUNTRY | |
| MW | 700 MW |
| HEXICON SHARE % | 50% |
| PARTNER |
*The Cirrus and Dyning projects are currently paused following Sweden's recent decision to reject several offshore wind projects along the country’s southeast coast. For more details, please refer to our press release.
“We take pride in our collaborative approach to project development. Our team’s ability to build strong partnerships with local stakeholders, combined with our technical expertise, ensures that each project is not only strategically sound but also tailored to the specific needs of the market.”
-Julius Molzan
Julius Molzan, CPO at Hexicon
Julius brings over 10 years of experience in the energy sector, having managed large-scale projects across Asia, Germany, and Africa. His leadership is key to driving our project teams forward and ensuring global success.