Energy Transition & Power Demand▲impact 4
SK and KKR Launch Korea's Largest Renewable Energy Platform
SK Inc. and KKR have signed definitive agreements to launch Korea's largest renewable energy platform, valued at KRW 2 trillion, approximately $1.3 billion. The platform consolidates renewable assets from SK Innovation, SK ecoplant, and SK eternix, covering solar, onshore and offshore wind, and fuel cells. It currently has about 1.7 gigawatts of capacity in operation, with a development pipeline that will bring total capacity to 10 gigawatts. KKR will have management control in the initial phase, while SK participates as an equity investor. The platform aims to meet surging clean-power demand from AI data centers and semiconductor manufacturing.