Hexicon grabs first ever CfD for floating offshore wind in UK waters
Digital rendering of Hexicon offshore wind generation.
July 7 (Renewables Now) - Swedish floating wind technology company Hexicon AB today said its 32-MW TwinHub demonstrator in the Celtic Sea has become the first-ever floating wind project to secure support under the UK’s Contract for Difference (CfD) regime.
The 15-year contract was awarded in the fourth allocation round, which ended with 11 GW of clean energy projects winning government support. This year, floating wind projects were eligible to participate in the auction via the emerging technologies category for which GBP 24 million of financing was available.
Hexicon’s project was secured at a strike price of GBP 87.30 (USD 104.57/EUR 102.52) per MWh. No other projects have received the winning status in the floating wind basket.
TwinWind envisages the installation of two full-size turbines on a single foundation platform off the coast of Cornwall, South West England. It is expected to be energised in the period 2025-2027.
Hexicon is working with US engineering company Bechtel to deliver the demonstration project.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.