Floating wind power designer Hexicon and the Busan Techno Park & Renewable Energy Centre in Korea have inked a memorandum of understanding (MoU) to underpin collaborative research activities in the region.

The MoU is a follow-on to the Swedish company’s recently signed joint venture deal with Busan-headquartered integrated service provider Coens Co.

The agreement builds on “newly enhanced” subsidies for offshore wind in Korea, and the award to Hexicon of a government grant to study the construction and use of multi-turbine semisubmersible-based floating wind turbines in Southeast Asian waters.