I Squared, GS E&C Eye 1.5GW Korean Renewables

• I Squared Capital and GS E&C team up on a 1.5GW solar-plus-storage push in South Korea by 2035—uniting global investment muscle with local build capability.

I Squared Capital, a US private equity firm, and South Korea’s GS Engineering & Construction (GS E&C) are exploring a joint renewables push targeting 1.5 gigawatts of solar plus battery energy storage capacity by 2035 in South Korea.

The partners’ plan would combine I Squared’s investment and project development expertise with GS E&C’s local capabilities as they look to develop, finance, and build utility-scale solar and storage projects. The initiative underscores growing interest among international and domestic players in expanding South Korea’s clean-energy generation and grid flexibility over the coming decade.

Which partners are targeting 1.5GW solar-plus-storage in South Korea by 2035?

• I Squared Capital — investing and supporting development/financing for utility-scale solar-plus-storage projects aimed at reaching about 1.5GW by 2035 in South Korea.
• GS Engineering & Construction (GS E&C) — bringing local engineering, procurement, and construction capabilities to deliver and build the planned solar-plus-storage capacity in South Korea by 2035.