SK Inc. and KKR have signed agreements to establish a renewable energy platform in South Korea. The platform will be valued at KRW 2 trillion (approximately $1.3 billion). The platform will manage 1.7 GW of operational renewable capacity and a development pipeline expected to expand total capacity to 10 GW. The platform will consolidate renewable energy assets from SK Innovation, SK ecoplant, and SK eternix.
The platform will span solar, onshore wind, offshore wind, and fuel cells, while excluding hydrogen. KKR will initially hold management control for the platform, with SK participating as an equity investor and retaining the option to pursue control rights in the future. The platform is designed to support South Korea’s growing clean power demand from AI data centers, semiconductor manufacturing, and other energy-intensive industries, with the planned capacity capable of powering around 100 large-scale 100 MW data centers.
In June 2026, EDF signed an agreement under which KKR agreed to acquire the US and Canadian operations and assets of EDF power solutions. The agreement is subject to regulatory approvals and employee consultation procedures. The agreement also grants EDF power solutions the option to sell these assets under the agreed terms. As of March 2026, EDF operates a renewable energy portfolio with a total net installed capacity of 5.6 GW across US and Canada.