Skyborn Renewables considers entering Polish offshore as a partner - MarinePoland.com
Skyborn Renewables considers entering Polish offshore as a partner
Date of publication: 03.07.2023

Skyborn Renewables, an offshore wind energy company owned by the US fund Global Infrastructure Partners, is considering entering, including with capital, Polish offshore projects, Skyborn's head of Poland Maciej Wagner told PAP (Polish Press Agency).

As a basic operating model in Poland, Skyborn sees a strategic partnership with one of the holders of recently resolved proceedings for sites in the second phase of offshore construction. "We assume that we would be an attractive partner because of our know-how, which we share and operate projects in an open manner, and because of our ability to provide stable financing. In addition, we do not plan to sell further our potential Polish projects, but to remain in them as a shareholder." - Wagner stressed.

"We are working with various partners around the world, both private companies and state-owned concerns, such as EDF in France. As part of a large investment fund, we are in a position to provide stable financing, and offshore wind farms require huge capital investments." - He explained.

"We are currently awaiting final decisions on the issues of decisions granting individual second-phase sites. However, the potential partners we have spoken to so far are signaling that as long as these decisions are not final, it is difficult to start concrete talks," - He added.

Of the 10 locations for wind farms in the Baltic Sea in the so-called second phase of support, the Ministry of Infrastructure awarded five to Orlen and five to PGE after the proceedings, including projects with various partners: Orsted, Enea and Tauron. However, other participants in the proceedings challenged the results of the proceedings.

The first offshore wind project that Skyborm ran while it was still a German company, before the American takeover, was a farm in the German part of the Baltic Sea. So we have more than 20 years of experience in the Baltic Sea," Wagner stressed.

"In the Polish offshore we would certainly like to enter more than one project of the order of 1 GW. "Two-three or even more are within our financial reach. Either way, these are in the billions of dollars," he added. - The head of Skyborn in Poland added. As he pointed out, the company has very extensive experience in projects under the project finance formula and in obtaining financing from banks and other institutions. "In recent years we have raised several billion euros in this way, so not only our own funds are involved, but also external financing," he stressed.

 According to Maciej Wagner, it makes as much sense as possible to develop energy connections between the Baltic Sea countries, running through offshore wind farms. "We are working with German operators and they are thinking very seriously about such investments, and some such lines would run close to northern locations in the Polish zone. The development of such connections could stabilize entire power systems in the entire Baltic Basin. Especially if they connect to hydropower in Sweden, which gives good performance in the base. The Baltic has excellent potential, and it would be appropriate to think about how to connect it." - Wagner assessed.

Skyborn is currently developing offshore projects in Germany, Finland, Sweden and France. The company's owner, U.S.-based Global Infrastructure Partners, with government assets of $100 million, invests in infrastructure of various kinds: energy, such as LNG terminals, telecommunications, or transportation, such as airports.

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