Bosung Group to expand in South Korea
Sep 23, 2022 Posted by MadalineDunn Published in South Korea
Bosung Group is expanding its data center footprint in SolaSeaDo, South Korea, with the addition of a new 200MW data center campus in SolaSeaDo, to the south of the country in Jeonnam Province.
These expansion plans come following the company partnering up with The Green Korea (TGK), a joint venture between South Korean energy investment firm Energy Innovation Partners (EIP) and Diode Ventures, a wholly owned subsidiary of Black & Veatch; together, they will invest around $2 billion in the project.
The facilities are to be powered 100% by renewable energy, and the company plans to build five 40MW data centers from next year through to 2030. Moreover, TGK and Bosung Group, through the agreement, are set to establish a special purpose corporation (SPC) to oversee a project for data center development.
These expansion plans come following the company partnering up with The Green Korea (TGK), a joint venture between South Korean energy investment firm Energy Innovation Partners (EIP) and Diode Ventures, a wholly owned subsidiary of Black & Veatch; together, they will invest around $2 billion in the project.
The facilities are to be powered 100% by renewable energy, and the company plans to build five 40MW data centers from next year through to 2030. Moreover, TGK and Bosung Group, through the agreement, are set to establish a special purpose corporation (SPC) to oversee a project for data center development.
