SK ECOPLANT ENTERS JV WITH DIGITAL EDGE TO BUILD 120MW HYPERSCALE DATA CENTRE

PRESS RELEASE: SK Ecoplant will start developing the largest commercial data centre in Korea and enter the data centre business in earnest.

SK Ecoplant has announced that it held an event to launch a joint venture (JV) after signing an MOU for the ‘Bupyeong data centre joint development' project with Digital Edge, an Asian digital platform company, at the Susong office building in Jongno-gu, Seoul on the 22nd.

Digital Edge is a data centre platform company based in Singapore, established in 2020 with the goal of transforming digital infrastructure in Asia. Currently, we are operating data centres in four Asian countries: Korea, Japan, Indonesia, and the Philippines. Recently, it is continuing its investment to supply digital infrastructure services in the domestic market, such as acquiring data centres located in Seoul and Busan.

The agreement between the two companies aims to jointly promote the 120MW hyperscale data centre development project in the National Industrial Complex in Bupyeong-gu, Incheon.

For this project, the two companies will establish a special purpose corporation (SPC) and build two data centres in the national industrial complex in Cheongcheon-dong, Bupyeong-gu, Incheon. The first and second projects are planned to be carried out, respectively, and the total project cost of the two projects is about 1 trillion won or more. Construction of the first project will start this year, and construction and service will begin in 2024.

Through this project, SK Ecoplant will move away from the data centre construction centre and perform from initial business development to EPC (design, procurement, construction), and expand its business area as a full-scale data centre business developer. Digital Edge plans to build and operate a new data centre in Korea based on the technology it has secured in the Asian market.

SK Ecoplant established a smart data centre business group in 2020 and is actively promoting the data centre business. In addition to this project, we plan to develop various data centre products such as campus type and modular type, and plan to build a green data centre by introducing eco-friendly energy technology to power operation.

Song Young-gyu, CEO of SK Ecoplant Ecospace BU, said, “Through this project, we have successfully entered the data centre development business. will be expanded.”

Digital Edge CEO Samuel Lee said, “With this project, SK Ecoplant’s business development know-how and Digital Edge’s operating experience will be combined to provide next-generation digital infrastructure services to the Korean market, one of the fastest growing data centre markets in the world. We will provide it.”

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