en.Wedoany.com Reported - U.S. infrastructure investment firm I Squared Capital and South Korean engineering and construction company GS E&C have signed a memorandum of understanding to jointly develop a renewable energy project portfolio of approximately 1.5 gigawatts in South Korea. This South Korean renewable energy portfolio will primarily focus on solar power and battery energy storage projects, with a target to complete project development by 2035.

Under the cooperation arrangement, the two parties plan to establish a joint venture platform to evaluate project opportunities and conduct feasibility studies. GS E&C will be responsible for business development, permitting, site acquisition, and preliminary project structuring, as well as providing project management and technical advisory services; I Squared Capital will contribute its expertise in infrastructure investment and project financing. The specific investment amount was not disclosed by the parties.

In this South Korean renewable energy portfolio, solar projects are expected to account for approximately 820 megawatts, with the remainder to be advanced in conjunction with battery energy storage systems. As the 1.5 GW renewable energy project portfolio enters the early development stage, new market opportunities will emerge in areas such as solar power, battery energy storage, grid interconnection, project financing, and engineering management in South Korea.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com