Search results for: MunmuBaram

16 results

A list of search results

  • 22 February 2024
    Business & Finance, Floating Wind

    Swedish floating wind developer Hexicon and Shell have signed an agreement under which Hexicon will acquire Shell’s 80 per cent stake in the MunmuBaram floating wind project. Once the transaction is closed, Hexicon, which currently holds the remaining 20 per cent stake, will fully own the South Korean project. Under the agreement, Hexicon will pay […]

  • 24 April 2024
    Business development, Collaboration, Outlook & Strategy, Research & Development

    Ulsan Floating Offshore Wind Association, representing five offshore wind developers, has signed a Memorandum of Understanding (MoU) with the Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee and Ulsan Suhyup (National Federation of Fisheries Cooperatives) to cooperate on offshore wind developments in Ulsan, South Korea. On 23 April, the parties involved gathered at the Ulsan […]

  • 22 April 2024
    Business & Finance, Business development, Collaboration, Infrastructure, Jobs & Recruitment, Outlook & Strategy, Supply Chain, Wind Turbines

    Wind turbine manufacturer Vestas has revealed plans to build a nacelle factory and a logistic base for offshore wind turbines in South Korea in partnership with A.P. Moller – Maersk. The plan, part of a wider agreement, is dependent on the pace of market growth and awarded volume for Vestas, the company said. Other signatories […]

  • 4 August 2022
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Sweden-based Hexicon has decided to increase its direct ownership to 20 per cent in the MunmuBaram floating wind project off the southeast coast of South Korea. Hexicon Korea, a joint venture between Hexicon and Korean company Coens & Co where Hexicon holds 49 per cent, owned 20 per cent of the MunmuBaram Co., Ltd. which […]

  • 8 March 2022
    Wind Farm Update

    Shell and CoensHexicon have secured further two Electricity Business Licenses (EBLs) from South Korea’s Ministry of Trade, Industry, and Energy for their floating wind project off the coast of Ulsan. The joint venture obtained the first EBL for the MunmuBaram project in November 2021, when 420 MW of its capacity was approved, marking the first […]

  • 12 April 2023
    Contracts & Tenders

    Shell and Hexicon, through their joint venture in South Korea, have appointed K2 Management (K2M) as Lender’s Technical Advisor for the MunmuBaram project, a 1.3 GW floating wind farm planned to be built between 65 and 80 kilometres offshore the city of Ulsan.  The Denmark-headquartered K2 Management will first review the general project status and […]

  • 15 March 2022
    Business & Finance, Contracts & Tenders

    Shell Gas & Power Developments B.V. has signed a memorandum of understanding (MoU) with power generation company Korea Southern Power Co., Ltd (KOSPO) to drive Shell’s floating offshore wind and renewable energy ambition in South Korea. Under the MoU, the two energy companies will explore collaboration opportunities to contribute to Korea’s energy transition. This could […]

  • 29 November 2021
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    MunmuBaram, a joint venture between Shell and CoensHexicon, has secured an Electricity Business License (EBL) for its floating offshore wind project off the coast of Ulsan, South Korea. The EBL from South Korea’s Ministry of Trade, Industry, and Energy grants MunmuBaram exclusive development rights to progress 420 MW of wind energy, a third of the […]

  • 1 September 2021
    Technology, Wind Farm Update

    Shell Overseas Investment B.V. and CoensHexicon Co., LTD have established a joint venture to develop and operate a 1.4 GW floating wind project off the south-east coast of South Korea. Shell controls an 80 per cent stake in the MunmuBaram joint venture, and CoensHexicon, a joint venture between Hexicon and Korean company COENS Co, controls […]

  • 29 November 2022
    Contracts & Tenders, Wind Farm Update

    MunmuBaram, a joint venture between Shell and Hexicon AB, has named Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea. If the project materialises, Vestas will supply and install 84 units of the V236-15.0 MW turbine for the project located off the south-east coast of South […]

  • 2 March 2023
    Contracts & Tenders, Wind Farm Update

    Vestas has signed a preferred supplier agreement with Korea South-East Power Company (KOEN) for the 600 MW Wando Geumil offshore wind project in Wando-Gun, South Jeolla Province, South Korea. If the project materialises, Vestas will supply and install 40 units of the V236-15.0 MW turbine. Vestas will also deliver 20 years of operation and maintenance […]

  • 12 April 2023
    Business development, Industry, Research & Development

    Major industry players have joined forces and launched the Ulsan Floating Offshore Wind Association with the aim to promote the development of the offshore wind industry in Ulsan, South Korea. The Association consists of the Ulsan Chamber of Commerce and Industry (UCCI) and five companies: Korea Floating Wind (Ocean Winds and Aker Group), Firefly Offshore […]

  • 19 January 2023
    Authorities, Business & Finance, Industry, Jobs & Recruitment, Operations & Maintenance

    Danish wind turbine manufacturer Vestas has announced plans to build out a wind energy supply chain in South Korea, adding that the plans are dependent on a growing market for offshore wind in the country. The plans were formalised at a signing ceremony with Vestas CEO Henrik Andersen, and South Korea’s President Yoon Suk-Yeol at […]

  • 31 March 2023
    Business & Finance, Contracts & Tenders

    Vestas has signed a preferred supplier agreement for a floating offshore wind project in South Korea, the wind turbine manufacturer announced on 31 March, leaving the project and its client unnamed. Under the agreement, if the project moves forward, Vestas will supply and install 33 units of its V236-15.0 MW model which will make up […]

  • 25 October 2021
    Authorities, Business & Finance, Wind Farm Update

    Two provinces of South Korea have decided to grant CoensHexicon, a joint venture between Hexicon and Korean company Coens, permission to measure wind conditions in a total of four offshore areas. The permission also entails a priority right to develop offshore wind farms within the areas, according to Hexicon. The first site includes three locations […]

  • 3 April 2023
    Business development, Technology

    Last week, three months after it was installed at the National Test Center for large wind turbines in Østerild, Denmark, Vestas’s V236-15.0 MW prototype wind turbine reached its nominal power rating of 15 MW. The company’s new flagship wind turbine produced its first electricity shortly after being installed in December 2022 and has started operating at […]