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Major 1GW data centre in South Korea requires £5bn investment

Written by Thu 31 Aug 2023

Plans for a 1GW data centre in South Korea needs a £5.96 billion ($7.53 billion) investment.

South Korea’s Ministry of Trade, Industry and Energy will collaborate with Korea Electric Power Corporation and Jeonnam Development Corporation to build the solar-powered complex in Haenam.

The site will include a total of 25 data centres, each offering a capacity of 40MW. Progressing in phases, a minimum of five data centres are expected to be completed by 2027.

Details of the project’s solar power have not been revealed, or if it will receive public support.

The initiative involves regional authorities and companies, including subsidiaries of big names like Samsung and LG.

Sustainable initiatives in South Korea

A consortium led by Hanwha Asset Management is spearheading a project to establish a 1.5GW solar installation valued at £1.7 billion ($2.1 billion). The initiative will leverage the rooftops of industrial complexes and unused land plots in Daegu.

The country has also unveiled plans for a 2.1GW floating solar project and a substantial 3GW ground-mounted photovoltaic (PV) array within the Saemangeum region.

Electricity distributor Korea South-East Power developed a 150 MW solar park in South Jeolla province, which stands as the largest solar plant in the country. The province hosts the highest number of renewable energy projects under development in South Korea.

In April this year, three leading South Korean financial institutions also gave financial backing to Singapore’s Empyrion DC to build a 29MW green data centre in Gangnam.

Singapore’s Empyrion DC received financial backing from KEB Hana Bank, Hana Capital Co Ltd, and the National Credit Union Federation of Korea for its 29MW green data centre project in Gangnamy, South Korea.

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Written by Thu 31 Aug 2023

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