Shell, CoensHexicon to develop floating wind farm off Korea

Dounreay Tri. Image by Hexicon

June 27 (Renewables Now) - Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has entered into an agreement with a Korean firm to jointly develop a floating wind project 40 km offshore from the Metropolitan City of Ulsan in South Korea.

More specifically, Shell has teamed up with CoensHexicon Co Ltd, a joint venture between Swedish engineering company Hexicon AB and Korean service provider Coens Co Ltd. Last year, the Swedish firm transferred its floating wind platform technology to the JV with plans to offer serial production in South Korea.

CoensHexicon said in a statement that initial project development for the Ulsan scheme had been launched in early 2019. It has established a project company called TwinWind Development Co Ltd and secured an adequate water area offshore Ulsan City.

“Our collaboration with Shell will contribute a wealth of skills and expertise when it comes to developing and operating a large floating wind farm. This includes serial manufacturing in South Korea of the patented multi-turbine foundation design developed by Hexicon in Sweden,” commented Henrik Baltscheffsky, CEO of Hexicon and director of CoensHexicon.

The announcement did not provide details about the size of the planned floating wind farm.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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