Energy major Shell has signed a joint development agreement to build a windfarm offshore South Korea
Energy major Shell has entered into an agreement to build a floating windfarm offshore South Korea with the developer of a twin-turbine floating wind concept.
CoensHexicon Co Ltd in South Korea will partner with Shell to develop, construct and operate a floating windfarm approximately 40 km offshore from the city of Ulsan.
CoensHexicon Co Ltd director and Hexicon AB chief executive Henrik Baltscheffsky said, “This is the start of our commercial journey in South Korea and around the globe.
“We have formed a project company in Busan, TwinWind Development Co Ltd, obtained permission to use an area of water offshore Ulsan and are developing the first commercial floating windfarm in the country.
“Our collaboration with Shell will contribute a wealth of skills and expertise when it comes to developing and operating a large floating windfarm. This includes series manufacturing in South Korea of the patented multi-turbine foundation design developed by Hexicon in Sweden.”
Mr Baltscheffsky said project development started early in 2019, led by CoensHexicon. The company did not reveal how large the floating power plant might be, nor when construction might commence.
Hexicon AB has been working on multi-turbine floating wind concepts for a decade, focussing on a two-turbine foundation concept.
CoensHexicon Co Ltd was established in 2018 by Busan, South Korea-based Coens Co Ltd and Hexicon AB in order to address the emerging South Korean offshore wind market.