GS Entech, a subsidiary of the GS Group specializing in offshore wind substructures, is expanding its business into the floating offshore wind market. The company will collaborate with Munmubaram, the Korean business entity of Swedish Hexicon AB, on the manufacture and supply chain construction of mooring pile structures for the Ulsan floating offshore wind project.
GS Entech announced on September 22 that it has signed a memorandum of understanding (MOU) with Munmubaram for the supply of mooring pile structures for floating offshore wind farms and technical cooperation.
The agreement was pursued as part of the Korea-Sweden Offshore Wind Supply Chain Cooperation Day event, jointly hosted by the Swedish Trade and Investment Council in Korea, the Swedish Embassy in Korea, and Munmubaram.
The Munmubaram project is a 750-megawatt floating offshore wind generation project being pursued by Hexicon in waters approximately 65 to 80 kilometers east of Ulsan, with plans to install 50 floating units.
KWI developer profile — Hexicon
2 projects in Korea totalling 750 MW. Compiled from the KWI database. Not part of the source article.
MunmuBaram floating #3 Offshore Wind
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MunmuBaram floating #1 Offshore Wind
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Project data: KWI database — Electricity Business Licence records, EIA filings (ME2023C012), Electricity Regulatory Commission minutes, and pre-EBL permit filings.
Original Korean article: Financial News
English brief by Korea Wind Intelligence, koreawindintel.com
