SEOUL, Wednesday, 16 September 2026 – Leading Asian renewable energy developer Gurīn Energy today announced the signing of a Memorandum of Understanding (MoU) with NAVER, South Korea’s leading internet and technology platform company.
Under the MoU, NAVER will acquire a stake in Gurīn Energy’s Jindo Green Solar project and enter into a long-term power purchase agreement (PPA) to purchase the renewable electricity generated by the solar farm.
The project will help NAVER secure a stable supply of clean electricity for its AI and cloud infrastructure, including its GAK Sejong and GAK Chuncheon data centres.
Jindo Green Solar is being developed by Gurīn Energy on Jindo Island, part of the Jeonnam-Gwangju Integrated Special City. Gurīn Energy will continue to lead project development and day-to-day management activities. Earlier this year, the project completed the Electricity Business Licence (EBL) approval process, securing 216MW of licensed capacity and reaching a major development milestone.
The agreement brings together one of South Korea’s largest and most influential technology companies and one of Asia’s leading renewable energy developers as partners in powering South Korea’s next generation of AI, cloud and digital infrastructure.
South Korea has set ambitious decarbonisation goals, including achieving carbon neutrality by 2050, while expanding renewable energy deployment to achieve 100 GW in installed capacity by 2030. Renewable energy is expected to play an increasingly important role in supporting the country’s industrial competitiveness, as South Korea focuses on artificial intelligence (AI), cloud and digital infrastructure sectors as strategic areas for economic growth.
Sun-Joo Chae, Head of Strategic Business at NAVER, said: “As the expansion of AI and cloud services drives increasing power demand from data centres, securing a stable supply of renewable energy has become essential to the sustainable operation of digital infrastructure. Through long-term PPAs and strategic investments, NAVER will continue to strengthen the foundation for the renewable energy transition of our data centres and pursue its efforts toward achieving our 2040 Carbon Negative goal.”
Assaad Razzouk, CEO of Gurīn Energy, said: “We are proud that NAVER, one of South Korea’s most trusted and influential companies, has placed its trust and confidence in Gurīn Energy to deliver the Jindo Green Solar project. We look forward to supporting NAVER’s renewable energy ambitions while contributing to the country’s broader energy transition and decarbonisation goals.”
“Our partnership reflects the growing convergence of the energy transition and digital transformation in Asia as energy security becomes a critical priority. Sunlight and wind are free - and once a plant is built, no one can embargo, blockade, or price-gouge the fuel behind it. That’s what energy sovereignty looks like: independence from fuel imports.”
Gurīn Energy currently has approximately 600MW of solar and wind energy projects in South Korea and continues to expand its presence in the country’s dynamic energy landscape.
About Gurīn Energy
Gurīn Energy Pte Ltd is a Singapore-headquartered renewable energy developer. Its team of approximately 105 people across North Asia and Southeast Asia is focused on the development, ownership and operation of solar, wind and battery energy storage system (BESS) assets.
Gurīn Energy was founded by its senior management team together with Infratil Ltd, a listed infrastructure investment company which has also established renewable energy platforms in the United States, Europe and Australia, holding a development pipeline of approximately 50GW across four continents. Infratil Ltd is managed by Morrison, a global infrastructure investment company.
Gurīn Energy currently has 7 GW of solar, wind and storage projects in various stages of development in Indonesia, Singapore, Malaysia, Thailand, the Philippines, South Korea and Japan.
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