Stockholm-based Hexicon AB is a floating offshore-wind project developer and the owner of TwinWind, a patented floating foundation that carries two turbines; it is listed on Nasdaq First North and reported 19 employees in its 2025 annual report. Its Portuguese company, Hexicon Portugal, Unipessoal Lda (NIF 516866451), was incorporated in Funchal, Madeira, on 18 March 2022 under the name Hexicon Madeira, while the group’s Iberian project work has been run from a Las Palmas subsidiary that, according to the 2023 annual report, develops offshore wind projects in Spain and Portugal.
Hexicon is a Stockholm-based developer of floating offshore wind projects that also licenses its own technology, TwinWind, a floating platform designed to carry two turbines. The company has been listed on Nasdaq First North since 18 June 2021 and ended 2025 with a market value of SEK 45 million and 19 employees. Its business model is to originate projects early and sell stakes before the final investment decision: in 2025 it divested two Italian projects to Ingka Investments and Oxan Energy, and its remaining portfolio includes MunmuBaram in South Korea, Pentland in the UK and the Mareld project in Swedish waters.
The Portuguese company, Hexicon Portugal, Unipessoal Lda (NIF 516866451), was incorporated in Funchal on 18 March 2022 as Hexicon Madeira, Unipessoal Lda, with €1,000 of share capital and a registered address at Rua das Mercês 41. Its registered activity is the construction of electricity and telecommunications networks. Hexicon’s 2023 annual report names it as “the Portuguese subsidiary Hexicon Portugal” and records a provision against a receivable from it, alongside receivables from the Spanish subsidiary Wunder Hexicon and Hexicon USA. The same report says the Spanish subsidiary in Las Palmas develops offshore wind projects in Spain and Portugal and is investigating combining Hexicon’s technology with green hydrogen at sea, and that two Portuguese associated companies, Innovakeme Lda and Wunderocean Lda, were divested during 2023. Hexicon AB and Wunder Hexicon SL also hold Portuguese tax numbers (NIF 980664314 and 980670098).
Portugal’s Atlantic coast drops into deep water quickly, so any offshore wind build-out there will rely on floating foundations of the kind Hexicon has patented. The Swedish group set up a Portuguese company and an Iberian development vehicle early, but its 2025 accounts list no Portuguese project among its active developments and it has scaled back to core markets, so its Portuguese presence is best read as an option held open rather than an active project pipeline.
11 September 2026 — Renewables Now reports that Hexicon extended a loan facility to prepare for a South Korean offtake auction.
27 August 2026 — Windpower Monthly reports Hexicon’s reaction to the rejection of two of its offshore wind projects in Sweden.
11 May 2026 — Windtech International reports that Hexicon took full ownership of the Mareld Green Energy offshore wind project in Sweden.
10 April 2026 — Renewables Now reports that Hexicon sold the UK TwinHub floating wind project after its contract for difference was terminated.
Sources: Hexicon annual reports 2025 and 2023; hexicongroup.com; nif.pt and Racius (NIF 516866451); Renewables Now, Windpower Monthly and Windtech International, headlines. All fetched 15 October 2026.
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