FAQs

  • 집 모양 아이콘
  • 서브헤어 화살표 아이콘
  • Project Overview
  • 서브헤어 화살표 아이콘
  • FAQs

FAQs

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    Where will the project be located?

    The project site is located offshore South-East Korea, between 65 and
    80 km from the city of Ulsan, South Korea and covers an area of
    approximately 240 ㎢.

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    How did Shell and HEXICON AB form a partnership?

    Shell is one of the world’s most advanced companies in offshore
    engineering, with over 50 years of deep-water experience in oil and
    gas and have strong relationships with Korean shipyards.
    Hexicon AB is a world-leading project developer and
    technology provider in the emerging sector of offshore floating wind.
    Combining strengths and experiences from both companies,
    we decided to join forces early on to make optimum use of
    our strengths in design, offshore project management, financing and
    technology.

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    What is the overall project timeline?

    Subject to future investment decisions, MunmuBaram project will be developed in phase(s) with total capacity of up to 1.2GW.

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    How much will it cost to construct the project?

    Currently, development of MunmuBaram project is privately funded
    through a joint venture between Shell and HEXICON AB.

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    How much power will MunmuBaram generate?

    MunmuBaram plans to develop total of 1.2GW floating offshore
    wind farm. Total planned power of 1.2GW is enough energy to power
    over 700,000 households homes.
    (Source: Ulsan City)

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    How many jobs are expected to be created
    by the project?

    According to City of Ulsan, 35,000 jobs are expected to be created
    through development of 1GW floating offshore wind farms.
    MunmuBaram project will support new jobs and supply chain growth
    across all phases – development, construction, and operations.

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    Are there any impacts of this project on the local
    economy and the national economy?

    With its global experiences and expertise, MunmuBaram will work
    closely with local partners to successfully develop a floating offshore
    wind project in Korea and contribute to overall industry growth and
    job creations.

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    What are some impacts on the fishing industry?
    Is there any conflict with the fisheries?

    We are actively engaging the local communities, including the fishery
    unions, to address their concerns.
    MunmuBaram is committed to develop the project through an open,
    transparent, and collaborative process. We will be conducting
    data-based impact analysis to determine any impacts on the fishing
    industry and the environment.