Search results for power purchase agreement
Games & Commerce
Naver to buy 30 percent stake in GS Wind Power, signs 25-year direct PPA
Naver said on Tuesday it will acquire a 30 percent stake in GS Wind Power and sign a direct renewable power purchase agreement. The deal is the first case in South Korea in which a RE100 member invests directly in a renewable power generation company to secure energy. The wind farm under construction in Yeongyang, North Gyeongsang Province is to supply electricity to Naver’s Sejong and Chuncheon data centres from commercial operations starting in the first half of 2028.
Telecommunications & Media
LG Uplus signs renewable energy deal with GS E&C for carbon-neutral data centres
LG Uplus said on Friday it signed a renewable energy contract with GS E&C to support carbon neutrality at its offices, including data centres. Under a renewable energy power purchase agreement, LG Uplus will receive about 17 GWh a year from a solar power plant in Taean, South Chungcheong province, for 20 years. The electricity will be used at six sites from September, including the Seocho IDC, with annual greenhouse gas cuts of about 7,000 tonnes expected.
Finance
JB Financial wins top grade in CDP climate change assessment
JB Financial Group said on Wednesday it received an A grade, the top rating, in the Carbon Disclosure Project\'s climate change assessment. It described CDP as a global environmental information disclosure platform that evaluates companies\' disclosure levels and response strategies and releases annual ratings. JB Financial said it is pursuing group-wide ESG management and cited renewable-energy power purchase agreements and a RE100-focused loan product.