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Mubadala acquires share of Skyborn renewables

By: Tom Russell 19/10/2022 Mubadala

General Windfarms

Mubadala, an Emirati state-owned global investment company, announced its investment in Skyborn Renewables, a private offshore wind developer and part of a Global Infrastructure Partners (GIP)-led consortium.

Mubadala 's investment also includes a stake in GIP’s 50% interest in NY Bight Project called Bluepoint Wind, a 1.6 GW offshore project in the U.S. that will provide investors with immediate access to the growing U.S. offshore wind market.

Previously operated as wpd offshore, Skyborn Renewables has an offshore wind portfolio with a capacity of more than 7 GW with a further five operating and under-construction projects in Germany, France and Taiwan. Headquartered in Bremen, Germany, the group has a 30 GW pipeline of offshore wind projects at various stages of development.

In May, GIP announced an agreement to acquire 100% of the business of wpd offshore. The transaction closed on 15 September 2022.

For more information on offshore wind farms worldwide, click here.

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Mubadala acquires share of Skyborn renewables

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