- KKR will manage a newly formed renewable energy platform in South Korea valued at approximately $1.3 billion, integrating solar, wind, and fuel cell assets from various SK Group subsidiaries.
- The platform is launching with 1.7 gigawatts of capacity and aims to scale to 10 gigawatts, which is intended to support the power needs of approximately 100 large-scale AI data centers.
- The move follows South Korea's announcement of major investment initiatives in semiconductors and AI, with SK Group planning to spend an average of 100 trillion won annually on these technologies.
Quotes
“Korea is one of Asia’s most attractive renewable energy markets, underpinned by strong corporate demand for clean power from the semiconductor, data center, and manufacturing sectors”