SK Innovation E&S, JB Financial team up for renewable energy loans

The loans are expected to fuel a private sector-led renewable energy ecosystem

JB Financial Group, SK Innovation E&S and InnerGen sign an MOU to develop loan products for both producers and consumers of renewable energy (Courtesy of SK Innovation E&S) 
JB Financial Group, SK Innovation E&S and InnerGen sign an MOU to develop loan products for both producers and consumers of renewable energy (Courtesy of SK Innovation E&S) 
Yeonhee Kim 1
2025-04-15 13:51:13 yhkim@hankyung.com
Carbon neutrality

JB Financial Group Co., the parent company of Jeonbuk Bank and Gwangju Bank, will join hands with SK Innovation E&S Co. and InnerGen Co. to roll out South Korea’s first secured loan products tailored for companies transitioning to renewable energy.

To launch the loan products, the three companies signed a memorandum of understanding on Monday, said SK Innovation E&S Co. InnerGen is a consulting company focusing on climate change.

The trio will collaborate to offer loans to solar power producers and companies engaged in renewable energy power purchase agreements (PPAs).

They will also provide marketing and consulting services to promote the RE100 initiative – a global campaign encouraging businesses to source 100% of their electricity from renewables.

"The agreement will spur greater participation by solar power developers in the private renewable energy PPA market," said Lee Jin-mo, head of the renewable energy business at SK Innovation E&S.

Write to Yeonhee Kim at yhkim@hankyung.com
#SKInnovationE&S #RE100 #SKInnovation #carbonneutrality #JBFinancialGroup #InnerGen #JeonbukBank #GwangjuBank

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