Abu-Dhabi-based fund Mubadala has invested in Skyborn Renewables, as part of a Global Infrastructure Partners-led consortium.
Global Infrastructure Partners closed the 100% acquisition of WPD Offshore last month and relaunched it as Skyborn Renewables.
Skyborn Renewables has an offshore wind portfolio with a capacity of more than 7GW with five operating and under-construction projects in Germany, France and Taiwan.
Mubadala said Skyborn was the world’s largest private offshore wind developer.
The 30GW pipeline of diversified offshore wind projects are in various stages of development, Mubadala said on social media.
According to a report in Gulf Business, the investment by Mubadala also includes the acquisition of a stake in GIP’s 50% share in NY Bight Project called Bluepoint Wind.
Investing in the 1.6GW project would offer immediate access to the growing US offshore wind market.