South Korean minerals giant secures 9 GW Australian renewables portfolio
15 May 2022
Korea Zinc’s Australian subsidiary, Ark Energy, has completed its purchase of Sydney-based renewables developer Epuron Holdings, in a deal that gives it access to a potential 9 GW pipeline of utility-scale wind and solar PV projects.
Ark Energy said the acquisition includes 4.2 GW of early-stage utility-scale wind and solar development projecta across Australia's National Electricity Market (NEM), with a focus on the states of Queensland, New South Wales, and Tasmania. It will also acquire 4.8GW of projects in the investigation stage and a 50% stake in Fulcrum3D, a renewables monitoring and forecasting specialist. In addition, the deal includes the acquisition of Epuron’s 7 MW portfolio of fully contracted off-grid solar assets in the Northern Territory.
Ark Energy Chairman and Korea Zinc Vice Chairman Yun Choi said the purchase, which was first announced in December, will support its ambition to become a major domestic supplier and exporter of green hydrogen and fast track the parent company’s vision to become one of the world’s largest producers of green zinc.
“The acquisition of Epuron is an important milestone for Ark Energy to become a world-class green independent power producer and green hydrogen business,” he said.
To continue reading, please visit our pv magazine Australia website.
Related
-
Samsung and KAFD Signs MOU for Smart City Innovation In Riyadh
24 October 2025
-
Saudi Arabia plans Mecca transit-oriented development
24 October 2025
-
Saudi Arabia selects contractor for $1.4bn performing arts centre
23 October 2025
-
Kuwait signs $500mln wastewater treatment plant deal with Turkey’s Kuzu
23 October 2025
-
Saudi's ACWA Power, UAE's Alcazar Energy eye Egyptian wind farm
23 October 2025
-
Egypt's SCZONE attracts new Chinese textile investments in Sokhna Industrial Zone
22 October 2025


京公网安备
11010802030424号
京ICP备19046776号-2