KKR and SK Launch South Korea’s Largest Renewable Energy Platform
The venture starts with 1.7 gigawatts of operating capacity and could expand to 10 gigawatts, the companies said.
- Private equity firm KKR and the HoldCo announced on Wednesday the launch of South Korea's largest renewable energy platform, valued at 2 trillion won , to meet rising clean-power demand.
- This joint venture supports the Group's "value-up plan" to improve capital efficiency and reduce debt, while addressing South Korea's surging clean energy requirements for semiconductor production and physical AI.
- Under the agreement, KKR will hold 51% management control, with the HoldCo holding 49%, integrating wind, solar, and fuel cell assets from three energy-related subsidiaries.
- Funding comes from KKR's Asia Pacific infrastructure strategy, which has invested more than $31 billion into energy transition and renewables globally since 2011.
- The platform will launch with about 1.7 gigawatts of operational capacity, with plans to expand to 10 gigawatts by 2031, enough to power 100 large-scale data centers simultaneously.
15 Articles
15 Articles
KKR and SK Launch South Korea’s Largest Renewable Energy Platform
Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost th…
The Korea Times
연합뉴스-Yonhap News AgencySK signs deal to form renewable energy JV with KKR
SK Inc., SK Group's holding company, said Wednesday that it has signed a deal with Kohlberg Kravis Roberts (KKR) & Co., a U.S. investment firm, to...
SK Group announced on the 1st that it is launching a new and renewable energy company in partnership with global investment firm Kohlberg Kravis Roberts (KKR). While SK Hynix is achieving outstanding results in the semiconductor sector, SK Group's energy-related businesses are scattered across various affiliates, such as SK Innovation, and remain in a stagnant, unprofitable state. This collaboration is part of a restructuring effort to secure ca…
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