SK and KKR Launch Korea's Largest Renewable Energy Platform
New renewable energy platform with ~1.7GW of capacity in operation - and a pipeline that brings total capacity to 10GW - to meet Korea's surging clean-power demand from AI data centers and semiconductor manufacturing
SK Inc. (“SK”) and KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR and SK will launch Korea's largest renewable energy platform valued at KRW 2 trillion (~$1.3 billion). Through this newly established platform (“Platform”), SK and KKR will bring together renewable energy assets previously held by SK affiliates spanning solar, onshore and offshore wind, and fuel cells into a single, integrated platform, tapping into each company’s respective operational experience and renewables investment expertise.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260625373798/en/
The launch of the Platform marks the latest transaction between KKR and SK, deepening a longstanding relationship built across multiple collaborations. It will help Korea meet the surging demand for clean power from AI data centers, semiconductor production lines, and other large industrial needs. KKR will have management control of the platform in its initial phase, with SK participating as an equity investor and retaining the flexibility to pursue control rights through future discussions.
