Hexicon will develop a demonstrator project for floating wind power at Metcentre deepwater area off the coast of Norway. The project, TwinWay, is a pilot to commercialize new offshore floating wind technology. With the project, Hexicon and Metcentre want to show proof of floating wind power in deep waters as it generates large amounts of renewable energy, allowing higher average wind speed and reducing visual impact than both onshore and bottom fixed offshore wind power.
Stockholm-based Hexicon develops wind power projects in deepwater areas based on patented technology, and the Norwegian Marine Energy Test Centre (Metcentre) provides facilities and assistance for testing new marine renewable energy technologies. The two companies have signed an agreement to develop TwinWay project based on Hexicon’s technology in Metcentre’s deepwater area in Norway.
The test site is located off the southern coast of Norway, and Metcentre has applied for permission to install a new larger capacity of 85 MW, expected to be granted in 2021. Hexicon has signed a conditional agreeement on site exclusivity with a reservation of 6 MW.
Aker Horizons ASA has finalized and closed the transaction to acquire Mainstream Renewable Power Ltd. Existing Mainstream shareholders have re-invested and retained 25 percent ownership in the co...
Read moreStatkraft AS has completed the sale of its 52.1% stake in the 255.6 MW Roan wind farm project to the Norwegian power company TronderEnergi and German utility operator Stadtwerke München...
Read moreMagnora ASA has signed an agreement with RWE Renewables to jointly develop the 98 MW Oddeheia and Bjelkeberg wind farm located in Agder county, Norway. Magnora will hold a 34% stake in the proje...
Read moreSwedish renewable energy developer Arise AB is planning to build a wind farm in central Norway for an investment of about NOK2 billion (US$233 million). The project will have 30 wind turbines t...
Read moreCorPower Ocean and OPS Composite Solutions are primed to deliver an ‘industry advancing’ wave energy project after securing close to EUR500,000 (US$606,234) from EEA Grants. The Portugues...
Read more