【SMM Flash News】 Hexicon Divests 32MW TwinHub Floating Wind Project in UK Following CfD Termination

Published: Apr 12, 2026 22:27

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Swedish floating wind developer Hexicon AB has successfully divested its 32MW TwinHub offshore wind project in the UK’s Celtic Sea to an undisclosed global provider of maritime and offshore engineering solutions. The sale follows the recent termination of the project’s 15-year Contract for Difference (CfD) and a significant net impairment charge of SEK 115 million booked by Hexicon due to rising inflation and supply chain challenges. Originally acquired in 2021 and repurposed from a wave energy site, TwinHub was a pioneering floating wind scheme that has now transitioned to new ownership as Hexicon strategically adjusts its portfolio in response to shifting market conditions and development costs.

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