News & Notices
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Notices on scheduled investigations, vessels, and relevant details are announced through close cooperation with shipping companies and fishery industry in Ulsan.
News and press releases
Explore MunmuBaram's latest news and press releases,
featuring business agreements, local partnerships, and CSR initiatives.
MummuBaram participates in the 4th Offshore Energy Industry Forum
(April 3rd, 2025) MummuBaram Co., Ltd. participated in the 4th Offshore Energy Industry Forum, hosted by Ulsan Technopark and sponsored by the Korea Energy Agency.
Hexicon Completes Acquisition of MunmuBaram
(December 6th, 2024 )Hexicon has completed the previously announced acquisition of Shell’s 80% interest in MunmuBaram. The transaction has secured regulatory approvals.
Regulatory Approval Obtains for Change of Control of MunmuBaram
(November 22nd, 2024) The Korean Electricity Regulatory Commission (KOREC) approved the transfer of two of the project’s three Electricity Business Licenses (EBLs) from Shell to Hexicon.
Hexicon to Acquire Full Ownership of MunmuBaram from Shell
(February 22nd 2024) MunmuBaram joint venture partners Shell and Hexicon have agreed for Hexicon to acquire Shell's 80% shareholding in the project.
MunmuBaram Signs Fishery Impact Survey Contract with MarineCom
(October 17th, 2024) The MunmuBaram project has officially signed a service contract for a fishery impact survey with the Korea Maritime and Ocean Research Institute (MarineCom).
MunmuBaram Signs Transmission Service Agreement with KEPCO
(October 10th, 2024) MunmuBaram project has entered into a 1.125 GW floating offshore wind power Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO).
Completion of Environmental Impact Assessment (EIA) for the Floating Offshore Wind Project MunmuBaram
(August 28th, 2024) The floating offshore wind project ‘MunmuBaram Co., Ltd. received approval for its Environmental Impact Assessment (EIA) from Korea’s Ministry of Environment and Ministry of Trade, Industry and Energy.
Ulsan Suhyup, Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee, and Floating Offshore Wind Developers Sign MOU
(April 23rd 2024) MunmuBaram Co., Ltd. has signed a Memorandum of Understanding (MOU) as a member of the Ulsan Floating Offshore Wind Association (UFOWA).
Introduction of Ulsan Floating Offshore Wind Association
(March 7th, 2024) MunmuBaram Co.,Ltd. has initiated the Ulsan Floating Offshore Wind Association along with other neighboring developers in Ulsan last April to collectively address issues related to floating offshore wind power and to contribute to the domestic economy.
Munmu Baram Co., Ltd. summits Environment Impact Assessment (EIA)
(January 29th, 2024) MunmuBaram Co., Ltd. Has submitted Environment Impact Assessment (EIA) to relevant government ministries including the Ministry of Environment and Ministry of Trade, Industry & Energy..
MunmuBaram Signs MoU with Ulsan GPS for Long-Term REC Offtake
(August 17th, 2023) MunmuBaram signed a non-binding Memorandum of Understanding (MoU) with Ulsan GPS for long-term offtake of Renewable Energy Certificates (RECs).
MunmuBaram selects Vestas as Preferred Supplier for Wind Turbine Generators
(November 29th, 2022) MunmuBaram selected Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea.
Munmu Baram Co., Ltd. conducted EIA with local fishermen in Ulsan
(August 23, 2022) MunmuBaram conducted Environmental Impact Assessment(EIA) with local fishermen for 1.26GW Ulsan Floating Offshore Wind Farm development in Ulsan.