Shell JV secures licenses for 1,300 MW MunmuBaram floating offshore wind project in Ulsan
The 1.3 GW MunmuBaram floating offshore wind project in South Korea has been granted exclusive development rights for its full planned capacity following the Ministry of Trade, Industry, and Energy's award of two additional electricity business licenses.
The MunmuBaram project, located off the coast of Ulsan, is a joint venture (JV) between Royal Dutch Shell and CoensHexicon Co Ltd, which holds a 20% share.
Geotechnical and geophysical studies have been completed as part of the project's ongoing work since 2019. The developers are currently working on the EIA, a marine traffic survey, a cultural heritage survey, and other operations. The wind farm is expected to generate 4.2 TWh per year once completed.
Country updates
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February 10, 2022
KOSEP starts the commercial operation of 150 MW solar PV project in Sinan-gun
Korea South-East Power Co. has started the commercial operation of its 150 MW solar photovoltaic project located in Sinan-gun in the South Jeolla province. The project consists of about 280,000 solar...
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February 07, 2022
Ocean Winds, Aker Offshore Wind secure license for 870 MW wind farm in Ulsan
The 50/50 joint venture of EDP Renewables SA (EDPR) and Engie SA, Ocean Winds joint venture (JV), has partnered with Aker Offshore Wind AS to develop an 870 MW wind farm located off the coast of...
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January 31, 2022
Equinix, GIC to build South Korean data centers
Equinix, Inc. has signed an agreement to form a US$525 million joint venture in the form of a limited liability partnership with GIC, Singapore's sovereign wealth fund, to develop and operate two xSca...
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January 31, 2022
Ørsted, Korean utilities sign MoUs for 1.6 GW Incheon offshore wind project
Ørsted has signed memoranda of understanding (MoUs) with Korean state-owned utilities Korea Southern Power (KOSPO) and Korea Midland Power (KOMIPO) for the development of the 1.6 GW I...
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January 05, 2022
G8, Holim Tech to build a 1500 MW Offshore wind farm with energy storage project
The management of G8 and Holim Tech has entered into an agreement to develop 1.5 GW of offshore wind farm project with an advanced energy storage system located in South Korea. The project will ...
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