KKR and SK consolidate South Korean renewable energy assets
A new $1.3 billion joint ventures seeks to supply the massive power requirements of the peninsula's semiconductor fabrication plants and data centers.
Samuel Okafor
Jul 3, 2026 · 1 min read
Two trillion won will anchor a new clean power platform in South Korea, consolidating assets from solar, wind, and fuel cell operations formerly held across the SK conglomerate. The venture, formed in partnership with KKR, enters the market with 1.7 gigawatts of operating capacity and a development pipeline projected to reach 10 gigawatts. It is a infrastructure play designed to meet the intensifying electricity demands of the nation’s advanced manufacturing and artificial intelligence sectors.
KKR retains management control of the platform in its initial phase, while SK maintains an equity stake with options for future involvement. The move reflects a broader capital trend where infrastructure investors are securing the energy supply chains necessary to sustain high-density computing and semiconductor fabrication. By consolidating these disparate clean energy assets, the partners intend to create the primary private supplier of low-carbon electricity for South Korea’s industrial core.