Floating wind pioneer Hexicon has set up a 50-50 joint venture with local developer Avapa Energy to develop floating wind power projects in Italian waters.
Sweden-based Hexicon also will license its patented technology to the new JV called AvenHexicon for use in its projects and by third parties.
“An important part of our business model is to enter new and promising markets as early as possible and to establish both our project development skills and technology together with local partners,” Hexicon chief executive Marcus Thor said.