Two provinces of South Korea have decided to grant Hexicon’s Korean joint venture CoensHexicon permission to measure wind conditions in a total of four areas in South Korean waters which entails a priority right to develop offshore wind farms within the area.
The first relevant site includes three circles with a radius of 5 kilometres, making up a total area of 240 km2. The site is located over 60 kilometres off the coast of the Yeonggwang Province in southwest Korea. The water depth in the area is 62-75 meters. The second site is a circle with an area of approximately 80 km2 outside the city of Pohang in the Gyeongbuk Province in eastern Korea. The water depth is approximately 94 meters. The development of these areas has been going on for just over a year and the approval from the local authorities has been obtained by CoensHexicon in cooperation with Korean partners who are also joint owners in these areas.