Watson Farley & Williams (“WFW”) has advised AvenHexicon, a joint venture 50-50 owned by Stockholm-listed Hexicon and Bologna-based renewables developer Avapa Energy, on grid and maritime concession applications for five floating offshore wind farms off the coasts of Sicily, Sardinia and Puglia.
Italian authorities have published the joint venture’s application for its first maritime concession (which enables private companies to use state-owned marine areas) regarding a 1,200 MW wind farm in southern Sicily. The publication of the application for third-party comments is one of the first steps in the approval procedure.
The projects will help Italy achieve its target of installing around 6-7 GW of renewable energy capacity annually by 2030 and generate 55% of its total electricity requirements from renewable sources.
Hexicon is a world-leading Swedish project developer and technology provider in the emerging floating offshore wind sector. Led by former J-Power and Enel executive Alberto Dalla Rosa, Avapa Energy has extensive experience developing solar and wind parks on land and the know-how and local knowledge to match Hexicon’s reputation for excellence in the floating offshore wind space.
The WFW Italy Energy team that advised AvenHexicon was led by WFW Italy Head Eugenio Tranchino and Partner Tiziana Manenti, assisted by Associates Cesare Fossati and Antimo Nersita, and Trainee Maria Concetta Molica.