A partnership including Korea Floating Wind is among four companies that have signed a memorandum of understanding with the South Korean city of Ulsan to develop floating wind farms. Korea Floating Wind 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 Shell 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.
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.