Hexicon’s MunmuBaram floating wind project has received approval for its environmental impact assessment (EIA) from South Korea’s Ministry of Environment and Ministry of Trade, Industry and Energy.
The approval means that the 1125MW project can now participate in the new wind power auction system in South Korea.
The offshore wind farm is planned approximately 60 kilometres off the coast of Ulsan, in the southeast region of South Korea and is, since July this year, formally operated by Hexicon.
Once commissioned, the project will play a crucial role in supporting South Korea’s renewable energy target and providing clean energy to more than 700,000 Korean households.
The EIA process, conducted by the MunmuBaram project team, involved a comprehensive examination of potential environmental impacts on both offshore and onshore ecosystems, as well as socioeconomic factors.
This collaborative approach demonstrates the project’s strong commitment to sustainable development and community responsibility, providing reassurance about the project’s environmental impact, Hexicon said.
Marcus Thor, chief executive of Hexicon, said: “This EIA approval marks a significant milestone for the development of Hexicon’s project portfolio.
“It’s great to see that all the hard work put in by the Munmubaram project team in Korea has now paid off.”