Global Infrastructure Partners (GIP) has closed the acquisition of Wpd’s offshore wind business and rebranded it as Skyborn Renewables.
GIP struck a deal with the German developer in May to acquire 100% of the business for an undisclosed sum. The assets of Skyborn include interests in five operating and under-construction projects in Germany, France and Taiwan and a pipeline of over 30 GW of diversified offshore wind projects in various stages of development.
This February, wpd Offshore became the first company in Romania to officially apply to develop offshore wind energy projects in the Black Sea, according to profit.ro. Thus, wpd Offshore Black Sea 1 SRL and wpd Offshore Black Sea 2 SRL were established to develop the Black Sea 1 (500 MW) and Black Sea 2 (approximately 1.4 GW) projects off the Black Sea coast.
After take-over, the new company is led by Achim Berge Olsen as CEO, the one who led wpd Group’s offshore wind farm development business.
“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 Berge Olsen.
Skyborn has a presence in fifteen European and Asia-Pacific markets.
Wpd mantain its presence in Romania, where it is developing onshore wind projects of over 1,000 MW in the counties of Braila and Iasi, as well as photovoltaic projects.