Hanwha and SKS Credit: Big investment in green data centers for South Korea

Hanwha has announced that it will invest in 'green' data centers following signing a memorandum of understanding (MoU) with SKS Credit, an ESG professional manager (PEF), for joint development of data centers and logistics centers linked to new and renewable energy. Through the agreement, the company will reportedly 'discover and invest' in eco-friendly data center and logistics center development projects, while SKS Credit plans to raise investment funds by creating a new fund worth 250 billion won ($202m).

Shin Dong-jin, head of Hanwha Solutions Division, said: "As major companies' achievement of RE100 and renewable energy procurement have become more important than ever to secure competitiveness in the global market, we will actively engage in new and renewable energy development projects in Korea."

An official from SKS Credit commented: "Investor sentiment is dampened by high interest rates and unstable financial market conditions, but investment in the renewable energy infrastructure field, where stable profits are expected, continues to attract interest, so successful fundraising is expected."