Skyborn reaches Financial Close on the Gennaker offshore wind farm project
Luxembourg, Sept. 11 -- Skyborn Renewables (Skyborn) announces the successful achievement of Financial Close for Gennaker, its flagship offshore wind farm of up to 976.5 MW in the German Baltic Sea, developed alongside its partner Stadtwerke Munchen (SWM).Financial Close confirms that all key project agreements and financing arrangements are now in place and effective, including debt and equity financing, power purchase agreements, strategic partnerships and major supply and installation contracts. With all critical project agreements secured, Gennaker is now entering its execution phase and once fully operational by the end of 2028, will deliver green electricity to around 1 million households in Germany. A major milestone built on a serie...
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