Renewable Energy
By adding pipelines that supply solar PV power and wind power, providing RE100/VPP solutions
and growing overseas business through global partnership, we will grow into a global renewable player.
-
Add pipelines that supply 1GW of large-scale solar PV power and wind power generation every year -
Project aimed at supporting corporations in achieving their RE100 commitments through renewable energy PPA -
Grow in the global market and generate carbon credits
SK Innovation E&S will add pipelines supplying 1GW of power generated by renewable energy every year in and outside of Korea.
-
Jeonnam Solar PowerSolar Photovoltaic Power Generation
As of December 2022, SK Innovation E&S is actively involved in the operation and development of solar power generation facilities, boasting a combined capacity of 3.7GW. Our future plans include the pursuit of large-scale solar power projects with a strong focus on various areas such as land, water, salt farms, and regions located near saltwater bodies. -
Shinan Wind PowerWind Power
SK Innovation E&S is operating large-scale onshore wind farms in Shinan, Jeonnam Province and Pyeongchang, Gangwon Province. Furthermore, we are developing an extensive offshore wind farm, capitalizing on the advantageous location of the South Jeolla region.
We will also expand our RE100 solution business, which is expected to see a rapid increase in demand
Project aimed at supporting corporations in achieving their RE100 commitments
There is a growing interest in joing RE100 which is an initiative bringing together businesses voluntarily committed to 100% renewable electricity to achieve carbon neutrality. SK Innovation E&S is actively engaged in an RE100 implementation support initiative designed to reduce national greenhouse gas emissions and enhance the export competitiveness of businesses. In 2022, we marked a significant milestone by signing Korea's first direct renewable energy PPA with Amorepacific. During the same year, we also secured Korea's largest renewable energy PPA, amounting to 50MW, with SK Specialty. In 2023, we formalized a transaction agreement for a PPA with BASF, a global chemical company.
SK Innovation E&S is expanding its renewable energy business in the global market, which will help the company generate carbon credits and contribute to reducing greenhouse gas emission.
Renewable energy business in the global market
Starting with a solar PV project in Vietnam in 2020, the company has been exploring and implementing solar PV and wind power projects in Southeast Asia. These projects will generate carbon credits and contribute to reducing greenhouse gas emission.