SK Specialty, a subsidiary of Korean conglomerate SK Materials, has signed a 20-year power purchase agreement (PPA) with South Korean natural liquefied gas (LNG) supplier and renewable energy company SK E&S, a unit of SK Materials.
Under the contract, SK Specialty will buy electricity from 50-MW renewable energy assets located in South Korea's South Chungcheong Province from 2024 to 2044 at an undisclosed price. It’s the largest renewables PPA ever signed in South Korea to date.
