Stonepeak Powers 500 MW Solar-Storage JV in Korea

• Peak Energy and Topinfra form JV to develop 500 MW of solar and battery storage capacity in South Korea, with initial investment of 70 MW. Funds from Peak Energy will fuel ambitious pipeline of projects within the country.

Peak Energy Investments Ltd, a renewables platform owned by US investment group Stonepeak, has set up a joint venture (JV) with South Korea-based Topinfra to develop over 500 MW of solar and battery storage capacity in South Korea. The two companies will invest in a portfolio of operating and in-construction solar assets with a total capacity of 70 MW. The JV will also be supported by funds from Peak Energy to develop a pipeline of projects within the country. Peak Energy, which was set up in 2020, has already built a 100-MWp solar project in Jeollanam-do and South Korea is one of its two main markets in the Asia Pacific, alongside Japan.

What Is Peak Energy's Joint Venture With Topinfra in South Korea?

• The joint venture will develop solar and battery storage capacity in South Korea with a total capacity of 500 MW.
• 70 MW of the total capacity will be invested in a portfolio of operating and in-construction solar assets.
• The joint venture will be supported by funds from Peak Energy to develop a pipeline of projects within the country.
• Peak Energy has already built a 100-MWp solar project in Jeollanam-do.
• South Korea is one of two main markets in the Asia Pacific for Peak Energy alongside Japan.
• The joint venture will enable Peak Energy to expand its renewable energy portfolio in South Korea.