Hexicon increases its ownership in floating MunmuBaram wind project in South Korea

Wind Industry Profile of

The MunmuBaram project off the south-east coast of South Korea is one of the biggest planned floating wind farms in the world and is set to play a significant role in the global development of commercial scale floating wind. Hexicon is now increasing its direct ownership and buying 20 percent of the project company from the joint-venture Hexicon Korea.

As a world-leading project developer, Hexicon continues to position itself in the emerging sector of floating offshore wind by increasing its share in the MunmuBaram Project. Formally established in 2019, it is targeting to be the world’s first large-scale floating wind project. Hexicon Korea, a JV between Hexicon and Korean company COENS & Co where Hexicon holds 49 percent, has up until now owned 20 percent of... ... More: Official Press Release Hexicon

Keywords:

Hexicon, MunmuBaram, South Korea, floating, development, wind farm, offshore, development, joint venture, ownership