Pohang to Get 40MW AI Data Center Development as SC Capital Partners Joins Investment
TECHWORLD · · 1 views
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SC Capital Partners has invested in a 40MW AI data center development project in Pohang, North Gyeongsang Province, together with NeoAI Cloud.
The project has secured power approval and building permits and has entered the construction phase, while an anchor tenant has also been secured.
The target completion date is the end of 2027, and a second follow-on project of 260MW is also planned.
SC Capital Partners has invested in a 40MW AI data center development project in Pohang, North Gyeongsang Province, together with NeoAI Cloud. SC Capital Partners is a Singapore-based real estate private equity manager. Government- and local government-related funding also joined the project as an investor, bringing public capital into the regional AI infrastructure buildout.
The facility is planned as a high-density, dedicated site for AI workloads. It has secured liquid-cooling infrastructure to accommodate next-generation GPUs, including NVIDIA Vera Rubin, and has secured a total power supply capacity of 40MW. The target completion date is the end of 2027.
The project moved into the construction phase after securing power approval and building permits, and key development procedures are also under way. On the leasing side, it has secured an anchor tenant, and there is also demand from other tenants for the remaining capacity.
The investment marks SC Capital Partners' entry into South Korea's digital infrastructure sector through participation in this project. It also aligns with a strategy to respond to rising long-term demand for computing infrastructure and sits within the extension of its strategy to expand digital infrastructure investments in the Asia-Pacific region.
Suchad Chiaranussati, founder and chairman of SC Capital Partners, commented on the completion of the investment. He said the investment is an extension of the firm's strategy to expand digital infrastructure investments in the Asia-Pacific region, and he said the project has a solid business foundation and strong competitiveness in responding to demand in the digital economy.
He said South Korea is creating a favorable investment environment on the back of strong government policy support related to AI and digital infrastructure. Based on that, he said the firm plans to continue identifying high-quality investment opportunities centered on South Korea, and added that it aims to provide long-term value to investors through collaboration with capable local partners. SC Capital Partners has expertise in real estate and digital infrastructure investing in the Asia-Pacific region.
Jo Yong-wan, CEO of NeoAI Cloud, expressed delight at securing this investment from SC Capital Partners. He said NeoAI Cloud's Pohang AI data center is a concept that goes beyond Colocation, and outlined a plan to provide a high-performance AI infrastructure base that can support AI model development and service operations for companies at home and abroad by using high-density power infrastructure space and linking GPUaaS (GPU-as-a-Service) with an AI platform.
He said the ongoing first-phase project is 40MW in scale and added that the company plans to push ahead with a second follow-on project of 260MW. He also said he looks forward to follow-on cooperation with SC Capital Partners.
Source: TECHWORLD · Kim Kyung-joo
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408126
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Source: TECHWORLD
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