Hexicon sold two of its Italian offshore wind projects to Ingka Investments and Oxan Energy

Hexicon AB (publ) announced that it has signed a Sale and Purchase Agreement (SPA) with Ingka Investments, the investment arm of Ingka Group and Oxan Energy, to sell its 50% stake in two Italian floating offshore wind projects, 1.1 GW Sicily South and 1.3 GW Sardinia Northwest.

Under the terms of the agreement, Ingka Investments and Oxan Energy will acquire Hexicon’s 50% stake in the two Italian offshore wind projects for an initial payment of EUR 2.5 million (US$ 2.7 million). Hexicon launched AvenHexicon and its Italian portfolio in 2021 alongside its joint venture partner, Avapa Energy. The projects—Sicily South (1,150 MW) and Sardinia Northwest (1,300 MW)—previously held 1,225 MW under Hexicon’s ownership and are now advancing through the Environmental Impact Assessment process.