image credit: Pixabay

Floating offshore wind farm to power 1 million South Korean homes

September 2, 2021

Shell and CoensHexicon have formed a joint venture to build a massive floating offshore wind farm off South Korea.

Located about 65 km off Ulsan City, the 1.4 GW MunmuBaram project is expected to generate up to 4.65-terawatt hour (TWh) of clean energy every year, enough to power more than 1 million homes once it’s completed. The total project site covers approximately 240km 2 with water depths ranging between 120 and 160 meters.

Shell has an 80% stake in the project, while CoensHexicon holds 20%, according to a press release announcing the joint venture.

Read More on Renewable Energy World