Shell enters JV with CoensHexicon for 1.4 GW floating offshore wind farm in South Korea
Shell Overseas Investment BV, a unit of Royal Dutch Shell Plc, has signed a joint-venture agreement with CoensHexicon Co Ltd for the development and construction of a 1.4 GW floating offshore wind farm project off the southeast coast of South Korea.
Shell holds 80% interest in the MunmuBaram Co Ltd., the joint venture scheme, while CoensHexicon owns the remaining 20%. CoensHexicon is co-equally owned by Hexicon AB and Korean service provider Coens Co Ltd.
The offshore wind farm will occupy about 240 sq. km between 65 km and 80 km from the city of Ulsan. A feasibility study is currently underway to determine the critical offshore wind data and the final location of the project.
Country updates
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August 19, 2021
GIG, TotalEnergies to progress 504 MW floating wind project off the coast of Ulsan Metropolitan City
Macquarie's Green Investment Group (GIG) and TotalEnergies have obtained an Electricity Operating License (EBL) for their floating offshore wind power project on the coast of Ulsan, South Korea. This...
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July 15, 2021
Eurus Energy starts the commercial operation of the 21 MW Samsu Wind Power project in Taebaek
Eurus Energy Group, in partnership with Daehan Green Energy Co., Ltd. and Korea South-East Power Co., Ltd., has launched the commercial operation of the 21 MW Samsu Wind Power project. The power plan...
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June 24, 2021
Vestas to equip 46 MW Yeongwol Eco wind farm in Gangwon
Vestas has received a 46 MW order from Yeongwol Eco Wind Co., Ltd. for the Yeongwol Eco Wind Project in Korea. Co-owned with E1 Corporation and to be constructed by Daewoo E&C, the project will be...
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May 31, 2021
K2 to provide design and engineering services for 504 MW Taean Offshore Wind Farm
K2 Management (K2M) has been selected for design and engineer services for Taean Wind Power’s 504 MW offshore wind farm in South Korea. With substantial climatological and topographical constra...
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May 06, 2021
South Korea co-financing US$700m with ADB for climate and ICT projects
The Asian Development Bank (ADB) and the Republic of Korea have signed a memorandum of understanding earmarking US$700 million in co-financing from the Republic of Korea for ADB sovereign development...
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