South Korea: Bosung Group to expand in South Korea
Sep 23, 2022 | Posted by MadalineDunn
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.
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