Naver to Operate Half of Office Power with Renewable Energy

Combined Use of Renewable Energy Sources Such as Hydropower, Solar Power, and Geothermal Energy

Naver announced on the 25th that it has signed a direct power purchase agreement (PPA) with Korea Water Resources Corporation for the supply of hydropower renewable energy. Through this contract, Naver will become the first company in Korea to introduce PPA renewable energy generated from hydropower into its office operations.

On the 25th, Naver 1784 located in Seongnam-si, Gyeonggi-do, Naver and Korea Water Resources Corporation signed a PPA for hydropower renewable energy supply.
[Photo by Naver]

Through this PPA, Naver has secured a stable supply of renewable energy produced by hydropower from Korea Water Resources Corporation. Naver plans to directly purchase 13 gigawatt-hours (GWh) of electricity annually generated at Korea Water Resources Corporation’s Yongdam No. 2 Hydropower Plant and use it as power for operating its 1784 second office building. Naver expects to operate more than 50% of the 1784 building’s power with renewable energy.

Naver 1784 will become the first building in Korea to utilize various renewable energy sources such as hydropower, solar power, and geothermal energy through this collaboration. Starting with this PPA, Naver plans to continue cooperative projects with Korea Water Resources Corporation based on the 'Joint Development Agreement for RE100 Implementation and ESG Value Expansion' signed last December.

Naver aims to expand the use of renewable energy in its offices and data centers through collaboration with various partners to achieve RE100 and ‘2040 Carbon Negative’ goals. Last December, Naver signed a third-party PPA with Korea Electric Power Corporation and Enlighten to introduce renewable energy through solar power generation.

Lim Dong-a, Naver’s Head of External and ESG Policy, said, "We are proactively practicing carbon neutrality by securing renewable energy to be used at Naver 1784, a future-oriented eco-friendly space," and added, "We will do our best to establish Naver’s position as a company with the highest level of ESG management system in the global market."

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