Hexicon to Buyout Swedish Offshore Wind Project Partner
11 maj, 09:30
03:30 AM EDT, 05/11/2026 (MT Newswires) -- Hexicon (HEXI.ST) agreed to acquire the remaining 50% stake in the Swedish offshore wind farm Mareld Green Energy from its joint venture partner Mainstream Renewable Power, according to a May 8 release.
The Swedish floating offshore wind power company will pay an upfront consideration of 1 krona, with an additional milestone-based payment of 4.5 million euros payable if the project secures an offtake contract in a future auction.
The project, with a potential to generate up to 12 terawatt-hours of electricity annually, was recommended for approval by the County Administrative Board of Västra Götaland in June 2024. A final government decision under the Swedish Economic Zone Act is pending.
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Hexicon to Buyout Swedish Offshore Wind Project Partner
11 maj, 09:30
03:30 AM EDT, 05/11/2026 (MT Newswires) -- Hexicon (HEXI.ST) agreed to acquire the remaining 50% stake in the Swedish offshore wind farm Mareld Green Energy from its joint venture partner Mainstream Renewable Power, according to a May 8 release.
The Swedish floating offshore wind power company will pay an upfront consideration of 1 krona, with an additional milestone-based payment of 4.5 million euros payable if the project secures an offtake contract in a future auction.
The project, with a potential to generate up to 12 terawatt-hours of electricity annually, was recommended for approval by the County Administrative Board of Västra Götaland in June 2024. A final government decision under the Swedish Economic Zone Act is pending.
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