KKR and SK Launch South Korea’s Largest Renewable Energy Platform

AI Summary

KKR and SK Inc have launched South Korea’s largest renewable energy platform valued at about $1.3 billion, targeting 10 GW capacity to meet growing AI and chip manufacturing power demand. The platform combines 1.7 GW of operating clean energy and a pipeline of development projects.

Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost the platform’s total capacity to 10 GW, the investment firm said in a statement.  The…