Samsung Heavy Industries is eyeing growth in the renewable energy sector, making its first foray into the clean energy business with a large-scale offshore wind floater.

The South Korean shipbuilder has disclosed that it has received approval in principle for its 9.5- megawatt (MW) large-scale offshore wind floater model, named Tri-Star Float, from classification society DNV.

SHI said it started developing the independent floater model last year as it sought to venture into the domestic and global offshore wind power generation market.