Skyborn Renewables

What Skyborn Renewables does

Skyborn Renewables is a private offshore wind power infrastructure platform that develops, builds, operates and owns utility-scale offshore wind farms across the full project lifecycle, from greenfield site assessment through engineering, procurement, financing, construction, and multi-decade asset management. The company was founded in 2000 in Hamburg, Germany, and currently operates as a sole portfolio company of Global Infrastructure Partners (GIP), which was itself acquired by BlackRock in 2024. As of FY2025, Skyborn reports approximately €150 million in revenue, 300+ full-time employees, and an annual project investment of more than €1 billion, with 1.4 GW of capacity in operation, 0.4 GW under construction, and a development pipeline exceeding 20 GW.

Skyborn's core product is the offshore wind farm itself, delivered as long-duration infrastructure assets sold or contracted under 20-year fixed-price power purchase agreements (PPAs). Operational projects include Nordergrunde (111 MW, Germany, 2017), Fécamp (500 MW, France, consortium with EDF and EIH, commissioned May 2024), South Fork Wind (132 MW, New York, JV with Ørsted, first offshore wind farm to serve New York State), Revolution Wind (704 MW, 50/50 JV with Ørsted, began delivering power March 2026) and Yunlin (640 MW, Taiwan, JV with TotalEnergies, EGCO and Sojitz, operational August 2025). Flagship development asset Gennaker (up to 976.5 MW) is the largest subsidy-free offshore wind project in the German Baltic Sea, secured a construction permit in December 2025, and signed Germany's largest single PPA with Amazon for 600 MW in June 2026.

The business model combines direct asset ownership with consortium co-development, monetising projects through long-term PPAs to utilities (Rhode Island Energy, Connecticut Light & Power, United Illuminating, Long Island Power Authority, Taiwan Power Company), corporate offtakers (Amazon, Uniper), and municipal utilities (Stadtwerke Muenchen took a 25% stake in Gennaker). Customers are large enterprises and government-regulated utilities with decarbonisation mandates; counterparties span three continents (Europe, Americas, Asia-Pacific) across nine countries. Revenue mechanics are dominated by contracted recurring PPA cash flows over 20-25 year asset lives, supplemented by asset management services. Pricing is bespoke and project-based, with individual project investments ranging from hundreds of millions to approximately €3 billion (Gennaker) or $5 billion (Revolution Wind).

Name

Skyborn Renewables

Legal name

Skyborn Renewables GmbH

Website

https://skybornrenewables.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Skyborn Renewables is a private, Hamburg-based offshore wind developer and operator covering the full project lifecycle from greenfield development through 25-year asset management, with 1.4 GW operational across Europe, the US, and Asia-Pacific and a 20+ GW pipeline. It is a portfolio company of Global Infrastructure Partners under BlackRock, monetising projects through long-term PPAs with utilities and large corporates.

Ownership category

akta.pro rank

Product category

Offshore Wind Energy Infrastructure

NAICS

Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB)

akta.pro secondary industries

Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Offshore Wind Power Generation (Floating) (EUACAFAC), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)

Keywords

• Offshore wind development
• Renewable energy infrastructure
• Power purchase agreements
• Wind farm construction
• Clean energy generation

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D

Revenue model

1. Power Purchase Agreement (PPA) Revenue: Long-term PPAs with utilities and corporations provide contracted revenue streams over 20-year terms. Examples include 600 MW PPA with Amazon for Gennaker, 400 MW to Rhode Island and 304 MW to Connecticut from Revolution Wind under 20-year PPAs.
2. Project Asset Ownership & Operations: Skyborn develops, builds, operates and owns offshore wind projects generating electricity revenue over project lifecycles of 25+ years. Revenue 2025 approximately 150 million euros.
3. Joint Venture Partnerships: 50/50 joint ventures with partners like Ørsted for US projects (Revolution Wind, South Fork Wind) and consortium arrangements for European projects sharing investment and returns.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Skyborn Renewables develops, builds, operates and owns utility-scale offshore wind farm projects across the full value chain, from initial site assessment through decades of operations. The company sells generated electricity under long-term Power Purchase Agreements (PPAs) of up to 20 years with utilities, corporations, and government entities. Its portfolio spans Germany, France, Sweden, Poland, the US, Taiwan, South Korea, and Japan, with 1.4 GW operational, 0.4 GW under construction, and a 20+ GW pipeline.

Product overview

Skyborn Renewables is an offshore wind power infrastructure platform that develops, builds, operates, and owns offshore wind projects across the full value chain. The company's portfolio spans Europe (Germany, France, Sweden, Finland, Denmark, Poland), the Americas (United States), and Asia-Pacific (Taiwan, Japan, South Korea). The core product offering consists of offshore wind farm projects at various stages: operational farms (Nordergründe, Fécamp, South Fork, Yunlin), farms under construction (Calvados, Revolution Wind), and projects in development (Gennaker being the flagship project). Skyborn operates as a unified platform with end-to-end capabilities covering greenfield development, engineering and design, procurement, financing, corporate power purchase agreements, construction management, and asset management. The Gennaker project in Germany's Baltic Sea represents the company's blueprint project, while the Yunlin farm in Taiwan demonstrates its international expansion capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Gennaker Offshore Wind Farm Up to 976.5 MW offshore wind farm located in the German Baltic Sea, 15km north of the Fischland-Darß-Zingst peninsula, featuring 63 Siemens-Gamesa DD-236+ 15.5 MW turbines on monopile foundations. When complete it will be the largest offshore wind project in the German Baltic Sea.
• Yunlin Offshore Wind Farm 640 MW offshore wind farm located 8-17 km off the coast of Yunlin County, Taiwan, featuring 80 Siemens Gamesa SG 8.0-167 DD turbines on monopile foundations. Provides clean energy to over 600,000 Taiwanese households under two 20-year PPAs with Taiwan Power Company.
• Fécamp Offshore Wind Farm 500 MW offshore wind farm off the coast of Normandy, France, consisting of 71 Siemens Gamesa SWT-7.0-154 turbines with gravity-based foundations. Supplies clean energy to approximately 350,000 households (770,000 people) in Normandy. Developed in consortium with EDF Power Solutions and EIH S.à r.l.
• Revolution Wind 704 MW offshore wind farm approximately 15 miles south of Rhode Island and 32 miles southeast of Connecticut, featuring 65 Siemens Gamesa SG 11.0-200 DD turbines. A 50/50 joint venture between Skyborn Renewables and Ørsted, delivering 400 MW to Rhode Island and 304 MW to Connecticut under 20-year PPAs.
• South Fork Wind 132 MW offshore wind farm located 5 miles east of Montauk Point, Long Island, New York, featuring 12 Siemens Gamesa SG 11-200 DD turbines. Fully contracted under a 20-year PPA with Long Island Power Authority. First offshore wind farm to serve New York State.
• Calvados Offshore Wind Farm 450 MW offshore wind farm more than 10 km off the coast of Calvados, France, featuring 64 Siemens Gamesa SWT-7.0-154 turbines with monopile foundations. Under construction with expected commissioning in 2027, creating approximately 1,000 local jobs.
• Nordergründe Offshore Wind Farm 111 MW offshore wind farm located 13 km off the coast of Lower Saxony, Germany, featuring 18 Senvion 6.2M126 turbines. The first German offshore wind project where all major components were supplied and installed by local manufacturers.

Quantifiable outcome

• 1 GW per 1-2 year construction capacity
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered core and major.

• ØrstedcoreStrategic or Co-development Partner · 30 September 202450/50 joint venture partnership for South Fork Wind (132 MW) and Revolution Wind (704 MW) offshore wind farms in the US. Ørsted and GIP's Skyborn Renewables combined capabilities to develop these major US offshore wind projects.
• EDF Power SolutionscoreStrategic or Co-development PartnerConsortium partner with Skyborn for Fécamp and Calvados offshore wind farms in France. EDF Power Solutions is part of the consortium developing, constructing, and operating these French offshore wind projects.
• EIH S.à r.l (Enbridge & CPP Investments)coreStrategic or Co-development PartnerConsortium partner with Skyborn for Fécamp and Calvados offshore wind farms. EIH is a subsidiary of Enbridge Inc. and Canada Pension Plan Investment Board, providing investment capital and project financing.
• TotalEnergiesmajorStrategic or Co-development PartnerShareholder in Yunlin Offshore Wind Farm project company (Yunneng Wind Power Co., Ltd). TotalEnergies provides capital and strategic support for the 640 MW Taiwan offshore wind project.
• EGCO GroupmajorStrategic or Co-development PartnerShareholder in Yunlin Offshore Wind Farm project company. Thailand-based electricity generating company participating in the 640 MW offshore wind project in Taiwan.
• Sojitz CorporationmajorStrategic or Co-development PartnerJapanese trading company shareholder in Yunlin Offshore Wind Farm project company. Sojitz provides investment and supports project development activities.
• 50Hertz Transmission GmbHcoreTechnology or IntegrationGerman transmission system operator partnered with Skyborn for Gennaker offshore wind farm grid connection. Platform cooperation agreement establishes framework for two offshore converter platforms with combined grid connection capacity up to 927 MW.
• Subsea7 (Seaway7)majorImplementation/ SI/ Consulting PartnerAwarded substantial contract ($150-300 million) for Gennaker offshore wind farm. Seaway7 handles engineering, supply, and installation of 63 monopiles and transition pieces.
• Boskalis/TKF ConsortiummajorImplementation/ SI/ Consulting PartnerDutch offshore services consortium awarded €50-150 million contract to supply and install approximately 140 km of inter-array cables for Gennaker offshore wind farm.
• AmazoncoreGTM or Marketing PartnerSigned 600 MW PPA for Gennaker offshore wind farm - largest single PPA in Germany. Amazon's commitment provides financing certainty for construction, covering 61% of Gennaker's capacity.
• UnipermajorGTM or Marketing PartnerSigned 10-year PPA for 100 MW from Gennaker offshore wind farm. First offshore wind PPA for Uniper, representing diversification of their power portfolio.
• EEW Special Pipe Constructions GmbH (EEW SPC)majorImplementation/ SI/ Consulting PartnerGerman monopile foundation manufacturer awarded contract for Gennaker project. EEW SPC will manufacture foundations at their Rostock facility, 40 km from project site, employing 1,000 people.
• Kiewit Offshore Services (KOS)majorImplementation/ SI/ Consulting PartnerContractor for offshore substations for Revolution Wind and South Fork Wind projects. KOS handles engineering and construction of critical electrical infrastructure.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ørsted: The global market leader in offshore wind with ~15 GW of installed capacity and a multi-GW pipeline. Ørsted is Skyborn's 50/50 JV partner on Revolution Wind and South Fork Wind and is the most direct comparable in terms of offshore wind development, PPA origination, and project execution.
• RWE: German-headquartered utility with a sizable offshore wind portfolio (Kaskasi, Sofia, F.E.W. Baltic II) and a multi-GW pipeline in Europe. RWE is one of Skyborn's closest European competitors and a comparable diversified-renewables platform.
• Equinor: Norwegian integrated energy company with a leading offshore wind portfolio (Hywind Tampen, Dogger Bank, Empire Wind) and a deep pipeline across the UK, US, and Norway. Direct competitor in large-scale offshore wind development with comparable financial firepower.
• EnBW: German energy company with significant offshore wind capacity (He Dreiht, EnBW Baltic 1/2) and a major pipeline in the German Baltic/North Sea. One of Skyborn's closest German domestic competitors.
• Iberdrola (Avangrid): Spanish parent of Avangrid, a customer/off-taker of Skyborn via United Illuminating for Revolution Wind and a direct offshore wind competitor in Europe (Baltic Eagle, Windanker) and the US (Vineyard Wind, Park City). Comparable integrated utility with offshore wind exposure.
• Copenhagen Infrastructure Partners (CIP): Danish fund manager developing large-scale offshore wind projects globally (e.g., Changfang & Xidao in Taiwan, Energy Island Bornholm, Vineyard Wind). Comparable independent developer with multi-GW pipeline and infrastructure-fund backing.
• EDF Renewables (EDF Power Solutions): French renewables developer and Skyborn's consortium partner on Fécamp and Calvados offshore wind farms. Directly comparable in French and European offshore wind markets with similar regulatory positioning.
• Vattenfall: Swedish state-owned utility developing offshore wind in the UK (Norfolk Vanguard/Boreas), Germany (Nordlicht), and the Netherlands. Comparable in terms of European utility-driven offshore wind development and grid-side positioning.
• TotalEnergies: French integrated major with a growing offshore wind portfolio and a JV partner with Skyborn in the Yunlin (Taiwan) project company. Comparable in terms of integrated energy company with offshore wind ambitions in APAC and Europe.

Broad incumbents

• Shell (Shell Offshore Wind): Global energy major with significant offshore wind development activities (e.g., previously in NJ/Atlantic Shores, Dutch IJmuiden Ver) but has been trimming offshore wind exposure in 2023-2024. Comparable as a potential acquirer/partner rather than direct competitor going forward.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/skyborn-renewables
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• Facebookfacebook.com/Skyborn-Renewables-61565569040631

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skyborn Renewables