Singapore and Seoul – 9 January 2026 – Seraya Partners (“Seraya”) has completed its first investment from Seraya Partners Fund II (“Fund II”) by acquiring a controlling interest in G&B Infratech, a leading South Korea-headquartered solar and wind renewable energy developer and operator (“G&B”).

G&B owns and operates a diversified 200MW portfolio of utility scale solar and onshore wind assets under long-term, 20-year contracts,. The platform also holds exclusivity over a high-quality and proprietary 1GW development pipeline, providing a clear pathway for phased and disciplined growth over time.

Seraya is committing US$250 million of equity capital to acquire existing operating assets and to fund pipeline development, with the objective of building G&B into a 1GW-scale leading renewable energy platform in Asia.

This investment is representative of Seraya’s mid-market, control-only platform strategy. Seraya sourced this high-quality off-market investment via its proprietary and deep local network. It is differentiated and rare in several ways.

South Korea is a highly developed low-risk OECD market where global infrastructure investors do not have meaningful exposure today. South Korea’s 11^th Basic Plan for Long-term Electricity Supply and Demand (“BPLE”), finalized in 2025, targets a 50% reduction in greenhouse gas emission by 2035 and net-zero carbon emissions by 2050. Under this plan, solar and wind power generation capacity is expected to increase from 30GW in 2023 to 121.9GW by 2038.

G&B focuses on low-risk contracted solar and onshore wind projects, avoiding merchant exposure. Its portfolio comprises contracted, and cash yielding assets alongside a large secured pipeline of attractive 20-year PPAs with high-quality investment-grade counterparties.