Daewoo Engineering & Construction (South Korea) has signed a joint technology development agreement for the MSPAR Floater with Monobase Wind from the Netherlands. The consortium aims to within 4 years jointly develop the MSPAR Floating offshore Wind Turbine Foundation concept for commercial roll out in 2025.The concept allows for inshore assembly of the entire wind turbine at quaysides requiring no more than 10-15 m waterdepth and in – situ have a draught of 60-70 m for wind parks in deeper water ( > 70 m waterdepth ) and turbines with a capacity in excess of 15MW. The design of the MSPAR Foundation can be adapted to suit most deep water areas and MetOcean conditions in the world. The MSPAR Floater will be designed to allow for maximum local content for fabrication, installation and maintenance. The Consortium aims to complete conceptual design and model testing in April 2022, complete Basic Design and certification in principle by the end of 2022 and present a full scale demonstrator to the market in the course of 2024.