Naver and Gurin Energy Sign MOU to Collaborate on Supplying Renewable Energy from 216MW Solar Project

Equity Investment in the "Jindo Green Solar" Project in Jeonnam

Naver and Asian renewable energy developer Gurin Energy announced on September 16 that they have signed a memorandum of understanding (MOU) to secure renewable energy for data center operations.

Naver is pursuing both an equity investment in the "Jindo Green Solar" photovoltaic project, which is being developed by Gurin Energy in Jindo, Gwangju-Jeonnam Metropolitan City, and the signing of a long-term power purchase agreement (PPA). Based on this MOU, the two companies will negotiate the detailed terms with the goal of signing a formal agreement by the end of this year.

The Jindo Green Solar project is a solar power generation initiative that secured a total electricity business license of 216 MW earlier this year. Gurin Energy plans to take the lead in developing and managing the operation of the project, while Naver intends to purchase renewable energy produced from the project over the long term to ensure a stable supply of renewable energy for operating AI and cloud infrastructure at its data centers in Sejong and Chuncheon, among other locations.

Chae Sunjoo, Head of Strategic Business at Naver, stated, "As electricity demand from data centers grows with the expansion of AI and cloud services, ensuring a stable supply of renewable energy is a key requirement for sustainable infrastructure operations," adding, "Naver will strengthen the foundation for renewable energy transition at its data centers through long-term PPAs and strategic investments."

This content was produced with the assistance of AI translation services.