KKR and SK Inc Build South Korea’s Largest Green Energy Platform

The platform launches with 1.7 gigawatts of operational capacity and a robust development pipeline. Once fully realized, the 10-gigawatt network will possess enough output to power 100 large-scale, 100-megawatt data centers simultaneously. KKR will hold management control during the initial phase, while SK Inc participates as an equity investor with options to secure future control rights.

Keith Kim, a partner at KKR, identified Korea as one of Asia’s premier renewable energy markets, driven by the intense power requirements of its semiconductor and manufacturing sectors. This push aligns with broader national policy goals; the Ministry of Climate, Energy, and Environment has set a target to source at least 20% of the nation’s electricity from renewables by 2030, a significant increase from the current 11%. This shift serves a dual purpose: meeting corporate ESG demands and insulating South Korea’s critical industries from volatile external energy shocks.