CoensHexicon and Shell have agreed to develop a floating offshore windfarm, 40km from Ulsan Metropolitan City in South Korea.

According to CoensHexicon, initial project development works at the site were initiated earlier this year. Details about the size of the plant have not been disclosed.

CoensHexicon is a joint venture (JV) between Swedish engineering company Hexicon AB and Korean service provider Coens. It was established last year.

The JV is focused on using its twin turbine foundation concept in the emerging South Korean offshore wind market in deeper waters.

Hexicon CEO and CoensHexicon director Henrik Baltscheffsky said: “This is the start of our commercial journey in South Korea and similar places around the globe. We have formed a project company in Busan, TwinWind Development, obtained an adequate water area offshore Ulsan City and are developing the first commercial floating windfarm.

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

Last October, Shell joined the Global Wind Energy Council (GWEC) to expand its renewable offshore windpower business as part of its Shell New Energies Strategies.

Shell announced its decision to join the group at China Wind Power 2018, which is reportedly China’s largest energy show in Beijing.