Floating Offshore Wind
Floating wind technology - unlocks access to stronger winds in deeper waters
Floating offshore wind power is a renewable energy technology that utilizes floating platforms to install wind turbines in deep waters. Unlike fixed-bottom wind farms, floating wind turbines enable deployment in deep-sea locations.
What makes Ulsan the future floating offshore wind hub?
A renewable energy technology compatible with marine life
The Third Generation of Wind Power
Floating offshore wind power represents the third generation of wind energy technology. The evolution began with land-based onshore wind power, followed by offshore bottom-fixed wind power. Now, the industry has advanced to floating offshore wind power.
From Sea to Grid: How Floating Wind Power Generates Electricity
Floating wind power enables electricity generation far offshore, where wind resources are strongest. This illustration shows how a complete floating wind system works — from wind turbines mounted on floating platforms to power transmission via subsea cables. The electricity is collected in an offshore substation and then transmitted to shore, where it is fed into the national grid. This technology makes large-scale, renewable energy production possible even in deep waters where fixed-bottom turbines are not viable.
A reliable source to secure renewable energy for South Korea
With access to strong offshore winds in deeper waters, floating offshore wind offers South Korea a sustainable energy solution, overcoming the limitations of traditional power generation technologies.
Access to Stronger and More Consistent Wind Resources
The further offshore, the stronger and more stable the wind. Floating wind technology allows for the efficient utilization of powerful ocean winds. Over 80% of the world’s offshore wind potential lies in waters deeper than 60 meters, where fixed-bottom offshore wind is not viable.
Minimal Environmental and Community Impact
Floating wind turbines do not require seabed excavation, reducing environmental disruption. The lack of permanent seabed foundations remain marine ecosystems largely unaffected. Moreover, as they are located 60–80 km offshore, they minimize noise and visual impacts on coastal communities.
Flexible Site Selection
Floating offshore wind farms generate large-scale power in relatively small areas. Given South Korea’s limited land availability and extensive coastlines, floating offshore wind is a highly advantageous renewable energy solution.
What makes Ulsan the future floating offshore wind hub?
Ulsan's strong and consistent winds, along with well-equipped ports, make it an ideal location for a large-scale floating offshore wind farm. The city has a strong industrial base, including shipbuilding, offshore equipment suppliers, steel manufacturers, and an established power grid.
Learn more about the project
MunmuBaram is a floating offshore wind power project that will be deployed in waters 120–150m deep, approximately 65 km off the coast of Ulsan.
Learn more about the company
Munmubaram Co., Ltd. was established as a Joint Venture between Shell and Hexicon Group. In 2024, Hexicon Group took full ownership of the company.