Saudi Arabia’s Public Investment Fund (PIF) and Global Infrastructure Partners (GIP), a global, independent infrastructure investment fund, have acquired up to 9.5% of offshore wind developer and operator Skyborn Renewables.
PIF’s investment in the energy developer, which has over 20 years of development experience, is consistent with the fund’s efforts to create global economic partnerships and opportunities. PIF said in a statement on Monday that the investment will also allow the sovereign wealth fund to play a key role in energy transition and clean energy on a global scale by investing in a geographically diverse offshore wind energy platform.
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Saudi Arabia’s Public Investment Fund (PIF) and Global Infrastructure Partners (GIP), a global, independent infrastructure investment fund, have acquired up to 9.5% of offshore wind developer and operator Skyborn Renewables.
PIF’s investment in the energy developer, which has over 20 years of development experience, is consistent with the fund’s efforts to create global economic partnerships and opportunities. PIF said in a statement on Monday that the investment will also allow the sovereign wealth fund to play a key role in energy transition and clean energy on a global scale by investing in a geographically diverse offshore wind energy platform.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
