The investment will allow PIF to participate in the acceleration of energy transition and clean energy at an international scale through an investment in a geographically diversified offshore wind energy platform.
Saudi wealth fund takes stake in Skyborn renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
The investment will allow PIF to participate in the acceleration of energy transition and clean energy at an international scale through an investment in a geographically diversified offshore wind energy platform.
Saudi sovereign wealth fund PIF has acquired a strategic 9.5% stake in Skyborn Renewables, an offshore wind developer with key interests in ongoing projects across Germany, France and Taiwan, alongside independent infrastructure investment fund - GIP.
Saudi PIF buys major stake in offshore wind developer Skyborn albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.