Swedish offshore wind developer Hexicon has created a joint venture (JV) company with Greek company EAMAA, named Hexicon Power, to develop floating offshore wind projects off the coast of Greece.<\/p>\n
Its creation comes ahead of the launch of Greeces new legal framework for offshore wind this year.<\/p>\n
Hexicon formed the JV as part of its strategy to be an early-stage developer in key markets worldwide by collaborating with partners and local companies.<\/p>\n
Hexicon CEO Marcus Thor said: Greece has great potential for floating offshore wind power with some of the best winds in Europe.<\/p>\n
This is an important strategic move for us. We see great opportunitiesin Greece as they embark on the journey from fossil fuels to renewables.<\/p>\n
Hexicon noted that the move will support Greeces plan to increase its renewable energy generation capacity through offshore wind parks, as well as reduce its dependence on fossil fuels.<\/p>\n
The country plans to generate 60% of its electricity from renewable sources by 2030.<\/p>\n
Hexicon Power will be led by its newly appointed CEO Mikelis Chatzigakis.<\/p>\n
Chatzigakis said: We hope that Hexicons advanced technology in floating wind power will be a strong driving force in supporting Greeces clean energy future.<\/p>\n
Our floating wind technology can produce high energy output with limited environmental impact.<\/p>\n
Greece has enormous opportunities in offshore wind and we are committed to assisting the country (in) reaching its full potential.<\/p>\n
Last September, CoensHexicon, a JV between Hexicon and South Korean company Coens, started a JV called MunmuBaram with Shell Overseas Investment.<\/p>\n
MunmuBaram will develop and operate a 1.4GW floating offshore wind project in South Korea, located between 65km and 80km offshore from Ulsan.<\/p>\n
Shell holds an 80% stake in the JV company, with CoensHexicon owning the remaining 20% interest.<\/p>\n
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Swedish and Greek companies join forces to develop floating offshore wind projects - GreekCityTimes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Swedish offshore wind developer Hexicon has created a joint venture (JV) company with Greek company EAMAA, named Hexicon Power, to develop floating offshore wind projects off the coast of Greece. Continue reading