Hexicon Korea has signed a sale and purchase agreement with an undisclosed major energy company regarding the entire
Hexicon Korea is a joint venture (JV) between
Hexicon Korea identified and started developing the project in 2020 and has since advanced the site with appropriate approvals from Korean authorities, assessments, surveys, and corresponding activities. The project has received approval for “occupancy or use permit of public water” and is now ready for the next phase of development.
“As an early-stage developer of floating offshore wind projects, this is a clear example of what our business model looks like in practice. We build a profound value for a site, making it ready for long-term investors to take over at any given time. This is exactly what we have managed to do in this case, reaching yet another milestone in Hexicon’s journey”, says
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