A Swedish company that developed a semi-submersible floating foundation for offshore wind turbines is entering the South Korean market, where there is offshore expertise aplenty.
Floating wind designer Hexicon AB has formed a joint venture with South Korean integrated service provider Coens Co Ltd to transfer its platform technology to the new joint venture and enable series production in the country of floating platforms in South Korea and other agreed markets. The new company will be named CoensHexicon Co Ltd.
Hexicon chief executive Henrik Baltscheffsky said “the Korean shipyard industry has a proven track record after decades serving the offshore oil and gas industry.”
Coens Co Ltd executive vice president Steve Seo said he was keen to transfer the floating offshore wind technology developed by Hexicon to the South Korean renewable energy market and elsewhere in Asia.
Hexicon has been developing a semi-submersible foundation for offshore wind that is designed to be turbine agnostic, which means it can support any commercial turbine. It had planned to deploy a foundation with two 5 MW turbines at the Dounreay Trì demonstration project off the coast of Scotland but encountered financial difficulties when it became clear that it would not be deployed in time to secure funding via a renewables obligation certificate.