Hexicon acquires remaining 50% stake in Mareld Green Energy from Mainstream Renewable Power

Type: Acquisition · Technology: Offshore Wind · Country: Sweden · Value: EUR 4.5M · Announced: 2026-05-11

Hexicon completed the acquisition of the remaining 50% stake in Mareld Green Energy from Mainstream Renewable Power, securing full ownership of the Mareld offshore wind project in Sweden. The transaction included an upfront consideration of SEK 1 and a milestone-based payment of €4.5 million contingent on the project securing an offtake contract in a future auction. When fully developed, Mareld is expected to generate up to 12 TWh of electricity annually, equivalent to the annual consumption of approximately two million households. Hexicon CEO Marcus Thor emphasized the project's strategic importance in meeting growing electricity demand in Western Sweden and supporting the industrial transition. The Swedish Government is expected to make a final decision on the project's application under the Swedish Economic Zone Act, with the County Administrative Board of Västra Götaland recommending approval in June 2024.

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