Hexicon Korea has agreed to sell its planned 1.2GW Yeonggwang floating offshore wind farm off the south-west coast of South Korea.
It agreed to sell the project to an undisclosed “major energy company” for an undisclosed sum.
Hexicon Korea – a joint venture of Korean oil and gas services firm Coens (51%) and Swedish floating wind specialist Hexicon (49%) – began developing the project in 2020.
It had secured approval for “occupancy or use permit of public water” for the project.
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