Naver signs 25-year wind PPA with GS Wind Power and acquires 30% stake in South Korean wind project
South Korean online platform Naver signed a 25-year wind Power Purchase Agreement (PPA) with South Korean renewable energy firm GS Wind Power, committing GS to supply Naver with energy from its under-construction wind power complex in Yeongyang-gun, Gyeongsangbuk-do. Located in South Korea's east, the complex is expected to reach commercial operations in the first half of 2028, producing approximately 180GWh of power on an annual basis. Naver intends to use the contracted capacity to power its data centers in Sejong and Chuncheon, increasing its renewable energy conversion rate to approximately 46% by 2029. Lim Dong-ah, Naver’s External and ESG Policy leader, stated that securing renewable energy is essential due to rapidly increasing power demand for data centers driven by AI and cloud services expansion.
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