GS E&C partners with I Squared Capital to expand renewable energy development

GS Engineering & Construction (GS E&C) is accelerating its shift toward an energy transition and developer-led business model as it seeks new growth engines in renewable energy beyond traditional construction. The company said Monday it signed a memorandum of understanding (MOU) with global infrastructure investor I Squared Capital to establish a joint venture aimed at developing renewable energy projects in Korea, including solar power and battery energy storage systems (BESS). I Squared Capital, founded in 2012, is a global infrastructure investment firm managing more than $60 billion (90 trillion won) in assets, with a focus on power and utilities, transport, digital infrastructure, environmental systems and social infrastructure. The signing ceremony was attended by GS E&C CEO Huh Yoon-hong and executives from I Squared Capital. The partnership marks a strategic move for GS E&C as it expands from an engineering, procurement and construction contractor into a full-scale project developer securing energy assets from the early stages. Under the agreement, the two companies plan to develWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times