Al-Marsad Newspaper: The Public Investment Fund announced today its acquisition of 9.5% stake in Skyborn Renewables, a world leader in the development and operation of offshore wind energy production technologies, along with Global Infrastructure Partners, which is one of the most important global managers in asset management in the sector. Infrastructure.
Skyborn Renewables’ assets include stakes in existing or ongoing projects in Germany, France and Taiwan, as well as various future projects with the aim of producing more than 30 GW of offshore wind power.
Skyborn Renewables has 20 years of experience in the field of development, in addition to an extensive record of achievements that includes the development of approximately 7 gigawatts currently, in addition to the presence in 15 countries in Europe, Asia and the countries bordering the Pacific.
The Public Investment Fund also owns a number of strategic investments in low-carbon sectors such as electric vehicles and solar energy projects, in which the fund aims to develop 70 percent of the renewable energy generation capacity in the Kingdom by 2030.