I Squared Capital, GS E&C sign MoU to form South Korea renewables joint venture

  • I Squared Capital signed an MoU with GS E&C to form a renewable energy development joint venture in South Korea.
  • Plan targets 1.5 GW of solar power, battery energy storage projects by 2035, including about 820 MW of solar capacity.
  • GS E&C to lead origination, permitting, site acquisition, early structuring through a dedicated development company.
  • Partnership aims to build a large-scale project pipeline as South Korea targets renewables at 20% of power generation by 2030.


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