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The permit is handed-over to Skyborn today by the Ministry of Climate Protection, Agriculture and Environment Mecklenburg-Western Pomerania in Rostock. This achievement enables Skyborn to proceed to an anticipated Final Investment Decision (FID) in summer 2026, with construction planned to take place over a period of two years and commissioning in 2028.

Once operational, the Gennaker offshore wind farm will add up to 976.5 MW to Germany's total renewable energy capacity and generate annually green electricity of 4TWh, equal to the annual consumption of approximately one million households.

"We are delighted to present Skyborn with the approval from the state of Mecklenburg-Western Pomerania for the Gennaker offshore wind farm today. The approval includes the highest environmental standards and ensures that the project will be constructed and operated in an environmentally friendly manner. The location in the priority area for offshore wind is particularly well suited for the planned use. The project is a flagship project for the German Baltic Sea and the federal state of Mecklenburg-Western Pomerania," says Minister Dr. Backhaus.

"Skyborn's ambition and intention is clear. To deliver and operate high-quality projects in stable, viable markets based on existing, reliable technology. Gennaker is a good example of how green electricity from offshore wind, with its high availability, can further strengthen the security and diversity of our energy mix. With its decisions, the state of Mecklenburg-Western Pomerania is demonstrating its intention to establish itself as an excellent investment location, both nationally and internationally.," says Patrick Lammers, Skyborn CEO.

"With permission now granted, we are in an excellent position to move through FID and into the construction phase of what is set to be one of Germany's largest offshore wind farms, supporting long-term local employment and a building a more secure, more sustainable energy supply. We are excited about the progress we have made so far, and look forward to the next important stages of this major project", says Lars Muck, Project Director.

The issued permit allows for the construction and operation of 63 wind turbine generators (WTGs) of the state-of-the-art 15 MW class, an amendment to the previous plan for a larger number of smaller WTGs (approved in 2019 and 2024). The new permit also foresees an increase of the maximum capacity (incl. power boost) from 927.0 MW to 976.5 MW, without any change in the total footprint of the offshore wind farm.

Located approximately 15 kilometres north of the Fischland-Darß-Zingst peninsula, the Gennaker offshore wind farm area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial permit for the Gennaker offshore wind farm site in May 2019 and retains exclusive rights for the site development.

The issuer is solely responsible for the content of this announcement.

About Skyborn

Skyborn is an accomplished offshore wind developer and operator with more than 20 years' experience, headquartered in Germany. The company's capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock. For more information, visit:

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