Hexicon boosts stake in 1.3GW South Korean floating offshore wind farm

Swedish developer Hexicon has increased its stake in the 1.3GW MunmuBaram floating offshore wind project to 20%.

It has acquired all the shares previously owned by a joint venture of its subsidiary Hexicon Korea and Coens. 

Shell owns the remaining 80% of the project company.

MunmuBaram is due to be developed in phases and built at a site off the coast of Ulsan in the south of the country.

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