Swedish engineering company Hexicon AB announced on Tuesday that it has signed pact that calls for it to develop its floating offshore wind technology for the Korean market.
The company has entered into a memorandum of understanding (MoU) for mutual cooperation with Busan Techno Park and Renewable Energy Center in Busan, South Korea. It noted that, alongside Korean partner Coens Co Ltd and Busan Techno Park, it has already obtained a grant from the Korean Business and Energy Agency to investigate how multi-turbine platforms can be adapted to local conditions.
A couple of months earlier, Hexicon announced plans to transfer its floating wind platform technology to a new joint venture with Coens in South Korea, where it wants to offer serial production of locally-made units. The company explained on Tuesday that it provides complete drawings enabling local shipyards to build multi-turbine platforms in series.