Hexicon and Aker Exploring Swedish Floating Wind Opportunities

Aker Offshore Wind and Hexicon have entered into an agreement to together explore floating wind opportunities offshore Sweden.

The companies intend to establish a 50-50 joint venture with an ambition to realize multiple Swedish projects with a combined capacity of several gigawatts.

Aker Offshore Wind and Hexicon plan to explore a range of opportunities to secure attractive offtake partners for renewable power.

Additionally, the parties will work to identify the optimal technology solutions for each project.

“As a Swedish company, we want to take an active part in the domestic energy transition. Sweden has large energy needs, and the Swedish industry is dependent on a stable energy supply,” said Marcus Thor, Hexicon CEO.

“Together with the great team at Aker Offshore Wind, we will be able to accelerate the work to develop Sweden’s first floating wind projects.”

According to Hexicon, the Swedish offshore wind market is expected to grow as the country implements plans to boost renewable energy generation and reach net zero greenhouse gas emissions by 2045.

Sweden aims to phase out nuclear power, which currently accounts for 40% of the energy mix, and to replace it with renewables, the Stockholm-based company said.