SK and KKR launch Korea's largest renewable platform

SK Inc. and KKR have announced definitive agreements to launch Korea’s largest renewable energy platform, combining SK renewable assets into a single platform valued at KRW 2 trillion (~$1.3 billion).

• The platform brings together assets from SK Innovation, SK ecoplant, and SK eternix across solar, onshore/offshore wind, and fuel cells, with KKR taking management control initially and SK participating as an equity investor.
• The platform has about 1.7GW in operation and a pipeline to 10GW, which the release says could power 100 large-scale 100MW-class data centers; the deal is positioned to meet demand from AI data centers and semiconductor production lines in South Korea.