GIP Rebrands WPD Offshore, Changes Its Name to Skyborn Renewables
Global Infrastructure Partners (GIP) has launched Skyborn Renewables, previously known as wpd offshore, after completing the acquisition of the 100 per cent share in the company.
The transaction was completed on 15 September, Skyborn said.
In May, GIP signed a definitive agreement with wpd AG to acquire 100 per cent of the business.
“GIP identified offshore wind as an important component of the transition to clean, renewable power. The investment in Skyborn is a significant milestone and demonstrates GIP’s commitment to the continued growth of global renewable power generation“, said Adebayo Ogunlesi, Chairman and CEO of GIP.
Skyborn’s portfolio includes interests in five operating and under-construction projects in Germany, France, and Taiwan as well as a pipeline of over 30 GW (gross) of offshore wind projects in various stages of development.
The company has over 20 years of development experience, a track record of ~7 GW developed to date, and a presence in 15 European and APAC markets.
Skyborn Renewables plans to open an office in Hamburg to support the team and strengthen its operating capabilities.
“Skyborn Renewables will combine the team’s experience with GIP’s financial strength and track record of investing in renewables assets to the deployment of offshore wind energy for the benefit of future generations. Our mission is to address the global challenges of the climate crisis and energy security”, said Achim Berge Olsen, CEO of Skyborn Renewables.
GIP’s global renewables portfolio includes solar, wind, hydro, and battery storage assets representing 18 GW of operating and construction capacity, royalty interests in over 21 GW of operating renewable projects, and over 175 GW of assets under construction or in development.
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