SK E&S invests US$300-400m in LS Power’s REV Renewables

October 20, 2021
Facebook
Twitter
LinkedIn
Reddit
Email
REV holds a 2.4GW portfolio of solar, wind and storage assets. Image: DOI/Tom Brewster.

South Korean clean energy company SK E&S has invested US$300-400 million in LS Power’s newly launched REV Renewables that will accelerate the expansion of its 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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“SK E&S’ investment will provide additional capacity to achieve REV’s mission to decarbonize electricity supply in a manner that is affordable and reliable and accelerates the company’s growth trajectory,” said Ed Sondey, CEO of REV.

We strongly believe that REV will spearhead the transformation of the energy landscape in the United States, creating significant value, not only for the business, but also for society as a whole,” said Kyungyeol Song, executive vice president at SK E&S.

In addition, LS Power and SK E&S have agreed to form a joint strategic task force to identify and evaluate potential collaboration opportunities across the full range of clean energy technologies and services.

US development and investment company LS Power launched Rev Renewable in August this year, endowing it with a 2.4GW portfolio of operating storage, solar and wind projects. This makes it “one of the largest independent pure-play energy storage and renewables companies in the US today”, according to LS Power.

SK E&S’ investment is subject to regulatory approvals and other closing conditions.

Read Next

February 3, 2026
Integrating more private investment into Europe’s grid infrastructure will be a necessity if the continent's bottlenecks are to be overcome.
February 3, 2026
There has been a 'clear cooling' of appetite for new renewable energy investments in the US, according to speakers at SFIEU 2026.
January 26, 2026
Global clean energy investment reached a record US$2.3 trillion in 2025, an 8.1% increase over the previous year, according to BNEF.
January 19, 2026
I Squared Capital has launched ANZA Power, a new IPP aiming to deliver reliable and sustainable energy across Australia & New Zealand. 
November 27, 2025
The South Korean Ministry of Economy and Finance has unveiled a plan to invest KRW33.6 billion (US$22.9 million) in research and development (R&D) by 2026 in solar tandem cell and module technology.
November 20, 2025
Climate Fund Managers (CFM) has started commercial operations at the 26.4MW Pétalo del Norte I solar PV project in Colombia.

Upcoming Events

Upcoming Webinars
February 18, 2026
9am PST / 5pm GMT
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA