We advised SK on the launch of Korea’s largest renewable energy platform

Davis Polk advised SK Inc. in connection with the launch of Korea’s largest renewable energy platform, valued at approximately $1.3 billion, together with KKR. As part of the transaction, SK and KKR will bring together renewable energy assets previously held by SK affiliates spanning solar, onshore and offshore wind, and fuel cells into a single, integrated platform. Under the agreed structure, KKR will have initial management control of the platform, while SK will participate as an equity investor and retain flexibility to pursue control rights through future discussions.

SK Inc. is the holding company of SK Group, a technology and industrial leader across the AI, semiconductors, energy, and life sciences ecosystems. SK has a diverse portfolio with more than 175 affiliate companies, including SK Hynix, SK Innovation, SK Telecom, SK Square, SK Ecoplant and SK Biopharmaceuticals.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and the communities in which they operate.

The Davis Polk corporate team included partners Michael Kaplan and Samuel Kang and registered foreign lawyers Yong Lee and Heesoo Park. Members of the Davis Polk team are based in the New York and Hong Kong offices.

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