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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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SK E&S funds W500b for US affiliate to invest in US energy firm
By YonhapPublished : Oct. 18, 2021 - 21:08
SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won ($421 million) in its US affiliate, SK E&S Americas, to buy a stake in a US renewable energy firm.
In a regulatory filing, SK E&S said it will buy 505 billion won worth of shares in SK E&S Americas, in a bid to invest up to $400 million in Rev Renewable.
Rev Renewable is focused on the development and operation of energy storage, as well as renewable projects.
Rev Renewable, an affiliate of LS Power, houses the storage and renewable assets of its parent company, starting with 2.4 GW of operating storage, solar and wind assets.
SK E&S said it will also secure a strategic partnership with LS Power, established in 1990. (Yonhap)
In a regulatory filing, SK E&S said it will buy 505 billion won worth of shares in SK E&S Americas, in a bid to invest up to $400 million in Rev Renewable.
Rev Renewable is focused on the development and operation of energy storage, as well as renewable projects.
Rev Renewable, an affiliate of LS Power, houses the storage and renewable assets of its parent company, starting with 2.4 GW of operating storage, solar and wind assets.
SK E&S said it will also secure a strategic partnership with LS Power, established in 1990. (Yonhap)
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