Peak Energy and TOPINFRA Collaborate to Develop More than 500 MW Renewable Projects in Korea

Peak Energy Investments Ltd. (Peak Energy) announced a joint venture with Korean based renewable developer TOPINFRA. This partnership will lead to the development and management of more than 500 MW of solar and battery projects.

As part of the joint venture, Peak Energy will invest into an operating and in-construction solar portfolio of more than 70 MW as well as provide funding to support a development pipeline.

The investment highlights Peak Energy's commitment to supporting developers during the early project development phases. This portfolio contributes to Peak Energy's existing portfolio in Korea, which includes a 100 MWp solar project in Jeollanam-do.

The portfolio includes state-of-the-art projects combining both solar and battery technologies to deliver stable power generation. This will become an increasingly important component of future renewable energy developments across Asia.

Peak Energy was formed in 2020 by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with more than USD 57 billion under management, as a dedicated platform to develop, construct, and operate renewable projects in Asia.

Gavin Adda, CEO of Peak Energy said, "Peak Energy is focused on working with the best, long-term partners that we can find. We are very pleased to launch this joint venture with one of the top independent developers in Korea. TOPINFRA has proven capacity to develop and deliver projects quickly and safely. We see this as just the beginning of a fantastic relationship. With this partnership, we combine global best practices with local excellence."

Tristan Jung, CEO of TOPINFRA said, "We are excited and believe this partnership can become a foundation for a leading platform targeting renewable and other new technologies. We are grateful for the shared trust, vision and dedication among all the Peak Energy and TOPINFRA team members."