What is the valuation and strategic scope of the SK-KKR renewable energy joint venture?

The joint venture between SK Inc. and KKR & Co. is valued at 2 trillion won ($1.3 billion) and is described as Korea’s largest renewable energy business, consolidating solar, wind, and fuel cell assets from SK Innovation, SK ecoplant, and SK eternix; it currently has about 1.7 gigawatts of operating capacity and a development pipeline targeting up to 10 gigawatts.

What role does KKR play in the governance and investment structure of the new platform?

KKR is making an investment of undisclosed value from its Asia Pacific infrastructure investments and will have management control of the new firm initially.

KKR Invests in SK Renewable Assets to Form $1.3 Billion Platform

Jun 30, 2026

KKR and SK Inc. are launching a $1.3 billion renewable energy joint venture in Korea, combining solar, wind, and fuel cell assets totaling 1.7 gigawatts of capacity. The platform aims to expand clean energy supply to support carbon reduction goals and semiconductor manufacturing.

bloomberg

2026-06-30

SK, KKR to launch South Korea renewable energy venture valued at $1.3 billion

2026-06-30

KKR Invests in SK Renewable Assets to Form $1.3 Billion Platform

KKR Invests in SK Renewable Assets to Form $1.3 Billion Platform

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