PLANS TO INVEST ABOUT 1 BILLION USD
Singapore headquartered data center service provider Digital Edge, has announced that it plans to significantly expand its data center operations in South Korea with the development of a new mega-facility in Bupyeong-gu, Incheon.
Through a joint venture agreement with SK Ecoplant, a local data center developer, the new data center will be developed to deliver a total IT power of 120MW with a capital investment of over 1 trillion KWR (approximately 1 billion USD). As announced, the new facility will operate under the Digital Edge brand name, and will be developed based on Digital Edge’s latest architecture and engineering design.
“Korea has one of the fastest growing data center markets and this investment forms part of our ongoing commitment to this dynamic country, as we seek to bring the next generation of digital infrastructure to Asia,” said Samuel Lee, Chief Executive at Digital Edge.
“By partnering with SK Ecoplant, a trusted local developer, we will combine their development knowledge with our data center build and operations experience, to deliver the largest, state-of-the-art data center in the country.”
The new Incheon project forms part of Digital Edge’s growing data center platform in South Korea following its acquisition of two data center properties in Seoul and Busan from Sejong Telcom in 2021. According to Digital Edge, the Incheon data center facility will provide an extension to the company’s existing location in Yeoksam, Seoul (SEL1), with the two data centers linked via third party telco services as well as the Cross LinkTM product to bring larger connectivity options to existing and future customers.
“We are delighted to partner with Digital Edge to build Seoul’s largest commercial data center. Their global digital infrastructure expertise complements our strong construction experience, making this the ideal partnership as we further expand our data center development business,” said Song Young-kyu, Head of SK Ecoplant EcoSpace Business Unit.
“This is an exciting milestone and will further consolidate our position as one of the leading data center platforms in South Korea. Complementing our existing assets in Seoul and Busan, this facility will further enhance our platform across South Korea and offer customers access to an integrated digital ecosystem with world class performance,” said Chulho Hyun, Digital Edge Country Manager for Korea.
Expected to be the largest commercial data center in South Korea, the first phase of the new project construction will commence in 2022, with the facility scheduled to be ready for service in 2024.