LS Power, a development, investment and operating company focused on the North American power- and energy-infrastructure sector, recently announced that SK E&S Co., a global leader in clean-energy solutions headquartered in Seoul, South Korea, will become an equity investor in REV Renewables. REV is an LS Power company focused on the development, acquisition and operation of renewables and energy storage.
The transaction will include a investment of $300 million to $400 million from SK E&S that will help accelerate the expansion of REV’s portfolio of renewable-power and energy-storage projects.
In return, SK E&S will receive an ownership stake in the renewables and energy-storage platform and will hold one seat on REV’s board of directors. The investment is subject to regulatory approvals and other closing conditions.
“The energy transition is underway, and we believe renewables and storage represent the largest opportunities and challenges,”
