Shell and CoensHexicon form Joint Venture to develop floating wind in South Korea

Wind Industry Profile of

Joint Venture aims to develop and operate a 1.4 gigawatt floating offshore wind farm in South Korea. The proposed wind farm will help in South Korea’s energy transition and decarbonization journey.

‘MunmuBaram’, a joint venture (JV), is formally established by Shell Overseas Investments B.V. and CoensHexicon Co., LTD. with the aim to develop and operate a 1.4 gigawatt (GW) floating offshore wind project off the south-east coast of South Korea. Stakes in the ‘MunmuBaram’ JV are held by Shell (80%) and CoensHexicon (20%). The project, which is currently at a feasibility assessment stage, is located between 65 and 80 kilometres from the city of Ulsan South Korea. The total project site covers an area of approximately 240km2 with water... ... More: Official Press Release MunmuBaram

Keywords:

Shell, CoensHexicon, MunmuBaram, joint venture, floating, offshore, wind farm, develop, South Korea, Asia, energy transition