Digital Edge announces plans to build South Korea’s largest commercial data center
Joint venture with SK Ecoplant to build a 120 MW data center in Incheon.
(Singapore, 26 April 2022) Digital Edge (Singapore) Holdings Pte. Ltd. (“Digital Edge”) has announced plans to significantly expand its operations in South Korea by building a 120 megawatt (MW) facility in Bupyeong-gu, Incheon through a strategic partnership with SK Ecoplant, a leading local developer . This project forms part of Digital Edge’s growing platform in South Korea following its acquisition of two sites in Seoul and Busan from Sejong Telcom in 2021, and demonstrates the company’s ongoing commitment to bring industry leading and scalable digital infrastructure to the market.
The project will be the largest commercial data center project in South Korea with total IT power of 120 MW and a capital investment of more than KWR 1 trillion, or approximately USD 1 billion. The new facility will be based on Digital Edge’s next generation architecture and a highly efficient engineering design to minimize water and energy usage. With South Korea ranked fifth in the Asia Cloud Computing Association’s Cloud Readiness Index(1), this facility is designed to meet fast growing demand from local and international cloud providers, as well as other high power density applications such as hyperscale, large digital media, and enterprise deployments.
Located in Bupyeong-gu, Incheon, the site is well situated with easy access to Incehon International Airport and Seoul’s major business districts via the Seoul-Incheon Expressway. Moreover, the project will provide a natural extension to Digital Edge’s existing carrier dense location in Yeoksam (SEL1), with the two data centers linked via third party telco services as well as the Cross LinkTM product to bring a wealth of connectivity options to existing and future customers.
Digital Edge has partnered with established local developer SK Ecoplant, who have a proven track record in the South Korean data center construction market, to deliver on this sizeable greenfield project. The new facility will operate under the Digital Edge brand name and the first phase of the project construction will commence in 2022, with the site expected to be Ready-for-Service in 2024.
Samuel Lee, Chief Executive at Digital Edge said, “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. 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.”
Song Young-kyu, Head of SK EcoSpace Business Unit, added “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.”
Chulho Hyun, Digital Edge Country Manager for Korea commented, “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.”
(1) The Cloud Readiness Index (CRI) 2020 by the Asia Cloud Computing Asso… (slideshare.net)
About Digital Edge
Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical.
Digital Edge was founded by a seasoned senior management team with decades of industry experience and an established track record of value creation in the data center, cloud and telecommunications industries in the Asia Pacific region. Backed by Stonepeak, Digital Edge has in excess of US$1 billion in committed capital to establish a market leading pan-Asia data center platform.
About SK Ecoplant Co Ltd
Since being founded in 1977, SK Ecoplant has leveraged its technological expertise to contribute to the growth and success of numerous industries globally, including the infrastructure, residential, environmental, and renewable energy markets.
In May 2021, SK E&C changed its name to SK Ecoplant and expanded its business portfolio by adding environmental and energy solutions to its existing construction business. Today, SK Ecoplant aims to become a leading environmental solutions provider in Asia. The business provides innovative renewable and offshore wind power solutions that contribute to Waste Zero and Net Zero goals, and has secured the largest water and waste treatment capacity in Korean. To support its mission to solve environmental and energy problems worldwide, SK Ecoplant continues to look to expand its businesses globally.
SK Ecoplant also applies its eco-friendly and innovative energy solutions to the data center inustry. In addition to urban hyperscale data centers, it is developing various types of data center such as large-scale campus data centers and modular type data centers, with the goal of contributing to corporate and social values.
Liane Cresswell, Director Corporate Communications
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