Support of expert authorities in three EU member states
Floating Hexicon platform
Hexicon, a Swedish company specializing in large-scale, floating platforms for wind and wave power, might together with local partners thereby be selected by the European Commission to benefit from a fund set up to co-finance innovative production plants for renewable energy in the EU.
The Hexicon technology has been reviewed by independent expert groups and regulatory authorities in three EU member states. The results in all cases are very positive, and each authority has decided to support Hexicon in the NER300 programme, as the company states.
In the NER300 programme, revenues from the sale of 300 million emission allowances will co-finance a number of selected production plants for renewable energy. Decisions on which production plants will obtain NER300 co-financing are made by the European Commission and the European Investment Bank (EIB). To qualify for the final selection process, a proposal for a production plant must first be inspected and approved by the relevant expert authorities and/or government departments in the EU member state in which the production plant will be placed.
Hexicon has together with local project partners applied for NER300 co-financing in Sweden, Malta and Cyprus. Hexicon’s technology for large-scale, floating platforms for wind and wave power have been analyzed and reviewed by the Swedish Energy Agency, the Malta Resources Authority and the Ministry of Agriculture, Natural Resources and Environment of the Republic of Cyprus. Important criteria in the reviews have, among other factors, been technological feasibility and low level of risk. In all three reviews, Hexicon’s applications are said to have been approved.
