Skyborn Secures Financial Close for Gennaker Offshore Wind Project

Skyborn Renewables has achieved Financial Close for its Gennaker offshore wind farm, expected to produce up to 976.5 MW in the German Baltic Sea. This milestone was reached with a €2.1 billion non-recourse financing package involving 16 lenders and the European Investment Bank, demonstrating the project's stability and potential.

Gennaker, with over €3 billion in investments, aims for commercial operations by 2028, set to power approximately one million households. The project, a brainchild of Skyborn and its partner Stadtwerke München, will bolster Germany's energy independence and economic growth.

Strategic partnerships, including deals with Amazon and Uniper, have secured significant future electricity output. As construction begins, Gennaker symbolizes a pivotal advancement in Germany's renewable energy sector, reinforcing its offshore wind industry.