KKR to acquire 51% of SK Group renewable energy asset package for KRW 1.8tn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $1.2bn
- Stake
- 51%
- Implied 100%
- $2.4bn
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- SK Group renewable energy asset package · Renewable power generation (solar, wind, fuel cell, ESS)
- Buyer
- KKR · FI
- Seller
- SK Group affiliates (incl. SK ecoplant renewables unit)
- Structure
- —
- Announced
- Jul 1, 2026
- Closed
- —
- Stage
- Signed
Target
A holding company (tentatively 'HoldCo') consolidating SK Group renewable assets, including SK Innovation (E&S) solar and onshore/offshore wind, SK ecoplant fuel cells and SK Eternix (solar, wind, ESS, fuel cells), with about 1.7 GW of operating capacity (Hankyung, Korea Times).
Deal rationale
SK Inc. said renewable projects require continuous large-scale investment and running them across separate affiliates had increased financial strain, citing consolidation efficiency, overseas opportunities through KKR's global network and joint procurement savings; it targets 10 GW by 2031 to supply clean power to AI data centers and chip fabs (Hankyung). Ownership is KKR 51% / SK 49%, with KKR holding initial control and SK retaining the option to take control later; KKR was named preferred bidder in February 2026. KED Global described the sale as part of restructuring to strengthen the balance sheet and improve management efficiency.
Press coverage
- 한국경제 (2026-07-01): “SK㈜는 KKR과 신재생에너지 통합법인 지분 투자 계약을 체결했다고 1일 밝혔다.”
- Korea Times (2026-07-01): “a 49:51 JV between SK and KKR”
- 한국경제 (2026-06-10): “이들 사업의 규모는 1조8000억원에 달한다.”
- 딜사이트 (2026-09-23): “이 가운데 SK에코플랜트 신재생에너지 사업부의 매각가는 430억원으로 확인됐다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.