SK Group and KKR launch South Korea's largest renewable energy holding company

SK Group and global private‑equity firm KKR have signed a share‑purchase agreement to create a joint holding company, tentatively called HoldCo, that will consolidate SK's dispersed renewable‑energy assets. KKR will hold 51% of the new entity and SK 49%, with KKR initially retaining management control.

The integrated firm will combine solar, on‑ and offshore wind, and energy‑storage (ESS) projects currently amounting to about 1.7 GW of capacity. It aims to scale to 10 GW by 2031, enough to power roughly one hundred 100‑MW data centres or ten large nuclear reactors, supporting the massive electricity demand of AI data centres and new semiconductor fabs. The transaction is valued at roughly 2 trillion won, and the partnership is positioned to benefit from South Korea’s three‑year mega‑project plan for semiconductors and AI infrastructure.

The venture is expected to streamline development, construction, operation and maintenance across the value chain, providing a stable clean‑power source for the country’s high‑tech industries while leveraging KKR’s worldwide renewable‑energy investment expertise.