Saudi Arabia’s PIF buys up to 9.5% stake in wind farm developer Skyborn – The National

Saudi Arabia’s PIF buys up to 9.5% stake in wind farm developer Skyborn – The National

Saudi Arabia’s Public Investment Fund has acquired up to a 9.5 per cent stake in offshore wind farm developer Skyborn Renewables as it boosts its clean energy portfolio.

The financial terms of the deal were not disclosed.

Skyborn Renewables has interests in operating and under-construction projects in Germany, France and Taiwan, as well as a pipeline of more than 30 gigawatts of offshore wind projects in various stages of development, the sovereign wealth fund said in a statement on Monday.