SK, KKR launch KRW 2 trillion Korea renewable energy platform

KKR & Co

KKR & Co

KKR

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  • KKR, SK signed definitive agreements to launch South Korea’s largest renewable-energy platform valued at KRW 2 trillion (about $1.3 billion).
  • Platform consolidates SK affiliate renewables assets into a single vehicle, covering solar, onshore wind, offshore wind, fuel cells.
  • KKR will hold management control in the initial phase; SK participates as an equity investor with an option to seek control later.
  • Portfolio includes about 1.7 GW operating capacity; development pipeline targets 10 GW to supply large industrial power demand.
  • Investment will be made primarily from KKR’s Asia Pacific infrastructure strategy.


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