Overview
- SK Inc. has signed an agreement with U.S. investment firm KKR to create a 49:51 joint venture that will be launched by the end of the year.
- Three SK affiliates—SK Innovation, SK ecoplant and SK Discovery—are transferring their renewable energy assets into the new HoldCo through business and share transfers.
- The joint venture will start with about 1.7 gigawatts of operating capacity, exclude hydrogen projects, and cover solar, onshore and offshore wind, fuel cells and energy storage.
- SK and KKR plan to expand the platform to roughly 10 GW by 2031, with KKR holding a 51 percent stake and taking initial management control.
- SK says the move is part of a wider portfolio rebalancing to free capital, improve competitiveness, and meet rising industrial power needs from data centers and chip plants.