November 2026
Largest Renewable Energy Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Hyosung Heavy Industries, CS Wind, SK Oceanplant, Lumir and Nearthlab.
 | Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions. | $1,335 | +3% | $12B | $13B | 2.8x | 23.0x | ||
| CS Wind Corp is involved in the business of developing wind farms and wind power generation. It has divided its business into Onshore, Offshore, Others and Plant equipment departments. The firm's products and services include wind tower, transition piece, internal tower and plant equipment. It has production bases in Vietnam, China, Canada, and the UK. | $35 | +25% | $1.5B | $2.1B | 1.0x | 10.0x | ||
| Samkang M & T, renamed SK Oceanplant in 2023, is a South Korean shipbuilding and offshore wind substructure manufacturer based at its yard in Goseong County, where it directly employs more than 700 people. It builds jackets, the steel foundations used for offshore wind turbines, and also builds vessels, and it sells to offshore wind developers and ship owners under project contracts. The company was acquired by SK ecoplant in 2021 for about KRW 460 billion and was a Kosdaq-listed subsidiary of that group, with a market capitalisation of about KRW 1.2 trillion in 2025. In August 2026 SK ecoplant agreed to sell its entire 35.62% stake to a consortium led by The Ocean Asset Management for an estimated KRW 410 billion. | $7 | -- | $441M | $575M | 0.8x | 10.5x | ||
| Lumir Inc is engaged in the manufacturing of SAR satellite systems capable of day and night all-weather Earth observation in the space industry, satellite image/information services, electrical equipment related to artificial satellites, and solenoids for large ships, which are civilian devices utilizing space technology. Its products include the Satellite manufacturing sector, the Satellite service sector, and the Civil equipment sector. | $4 | -29% | $66M | $44M | 5.5x | 123.4x | ||
| Nearthlab Inc is a technology company that develops and supplies AI-based autonomous flight drone solutions. Its core technology is 'Aerial Intelligence,' autonomous flight software that enables drones to independently perceive their environment, make decisions, and perform missions. The group operates an AI-based autonomous flight platform business that integrates perception, navigation, guidance, and control technologies. Its products are NearthWIND Pro, NearthWIND Mobile, and Zoomable. | $10 | -- | $56M | - | - | - | ||
| Median | $10 | +3% | $441M | $1.3B | 1.9x | 16.8x |
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