Global Infrastructure Partners' (GIP) Skyborn Renewables has acquired a 50% ownership stake in Orsted's 704 megawatt (MW) Revolution Wind project, which is currently under construction off the coast of Connecticut and Rhode Island. The acquisition involves taking over the share previously owned by Eversource Energy.
In addition to Revolution Wind, Skyborn will also gain 50% ownership of the already-commissioned 132 MW South Fork Wind project.
David Hardy, Group Executive Vice President and CEO Americas at Orsted, expressed enthusiasm for the partnership, stating, “We're excited for our new partnership with Global Infrastructure Partners and Skyborn on South Fork Wind and Revolution Wind, two projects that are historic as well as central to America's energy priorities.”
Salim Samaha, Partner and Global Head of Energy at Global Infrastructure Partners, highlighted the significance of the collaboration, noting, “Orsted's leadership and innovation in the renewable energy sector makes them an ideal partner, and we are proud to build upon our successful track record together. This fourth strategic collaboration underscores our shared commitment to advancing the energy transition and delivering sustainable solutions at scale.”
