A partnership including Shell is among four companies that have signed a memorandum of understanding with the South Korean city of Ulsan to develop floating wind farms. Shell is partnering with Swedish-Korean firm CoensHexicon, while a second joint venture between local energy firm SK E&S and Copenhagen Infrastructure Partners has also been selected. Macquarie's Green Investment Group and Korea Floating Wind is also taking part in the development of a 750 kW pilot followed by a 1 GW farm built on a former offshore gas platform. The project will be located off the coast of Ulsan, which was chosen as it offers an ideal location for construction due to its proximity to sea level and strong winds.
A partnership including Shell is among four companies that have signed a memorandum of understanding with the South Korean city of Ulsan to develop floating wind farms. Shell is partnering with Swedish-Korean firm CoensHexicon, while a second joint venture between local energy firm SK E&S and Copenhagen Infrastructure Partners has also been selected. Macquarie's Green Investment Group and Korea Floating Wind is also taking part in the development of a 750 kW pilot followed by a 1 GW farm built on a former offshore gas platform. South Korea wants to have 12 GW of offshore wind capacity by 2030.