Skyborn Enters U.S. Offshore Joint Venture

Hamburg, Germany, October 1, 2024 - Skyborn Renewables has announced a new joint venture with Ørsted, acquiring a 50% stake in the U.S. offshore wind projects, Revolution Wind and South Fork Wind. This acquisition was completed by purchasing the stake from Eversource Energy.

Skyborn Renewables, a portfolio company of Global Infrastructure Partners, will manage half ownership of both the Revolution Wind and South Fork Wind projects. Ørsted retains the other 50% share in these ventures. South Fork Wind is the first operating utility-scale offshore wind project in the U.S., while Revolution Wind has begun construction.

Patrick Lammers, CEO of Skyborn, emphasized the significance of this partnership in expanding Skyborn's presence in the U.S. offshore wind market. Ørsted's David Hardy expressed excitement over the collaboration, noting the importance of these projects to America's energy priorities.

Revolution Wind, a 704 MW offshore wind farm, is set to serve Rhode Island and Connecticut. The project is expected to be operational by 2026 and supports clean energy goals through 20-year power purchase agreements. South Fork Wind, a 132 MW offshore wind farm, started delivering power in 2024 and holds a 20-year agreement with Long Island Power Authority.