Al-Marsad newspaper: The public investment fund announced today the acquisition of 9.5% stake in Skyborn Renewables, a world leader in the development and management of technologies for the production of offshore wind energy, together with Global Infrastructure Partners , which is one of the leading asset management managers in the Infrastructure sector.
Skyborn Renewables’ assets include interests in existing and ongoing projects in Germany, France and Taiwan, as well as various future projects aiming to produce more than 30 GW of offshore wind power.
Skyborn Renewables has 20 years of development experience, as well as an extensive track record that includes development of approximately 7 gigawatts currently, as well as presence in 15 countries across Europe, Asia and the Pacific Rim.
The Public Investment Fund also owns a number of strategic investments in low-carbon sectors such as electric vehicles and solar energy projects, where the fund aims to develop 70 percent of renewable energy generation capacity in the Kingdom by 2030.
