Mon, 2022-12-12 16:30
RIYADH: Saudi Arabia’s Public Investment Fund has acquired a 9.5 percent stake in German renewable firm Skyborn, as the fund continues its asset expansion in global markets.
The investment in Skyborn Renewables, which is one of the leading offshore wind developers in the European and Asia Pacific region, will allow PIF to accelerate its energy transition journey at an international scale, and has been carried out in conjunction with Global Infrastructure Partners, according to a press release.
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