KKR and South Korea’s SK Inc are set to launch a renewable energy platform valued at KRW2tn ($1.3bn), aimed at meeting rising clean-power demand from AI data centres and semiconductor manufacturing, according to a report by Reuters.
The platform will combine renewable energy assets from SK Innovation, SK ecoplant and SK eternix, reportedly spanning solar, onshore and offshore wind, and fuel cells.
The venture will have around 1.7GW of operational capacity at launch, with a development pipeline that would increase total capacity to 10GW. The companies said this would be enough to power 100 large-scale 100MW data centres.
KKR will initially have management control of the platform. SK said KKR will own 51% of the venture, while SK Inc will hold the remaining 49%. The integrated platform is expected to launch officially by year-end.
