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BlackRock-Backed Skyborn Secures $2.4B for Major German Offshore Wind Farm
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BlackRock-Backed Skyborn Secures $2.4B for Major German Offshore Wind Farm
Skyborn Renewables has reached financial close on the Gennaker offshore wind farm, securing a €2.1 billion financing package, or roughly $2.4 billion, for one of Germany’s largest new renewable energy projects. The project, located in the German Baltic Sea, will have up to 976.5 megawatts (MW) of capacity. More than €3 billion in total investment is expected to be mobilized. Gennaker will start commercial operations by the end of 2028. It aims t…
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