Skyborn Renewables (Skyborn), a Global Infrastructure Partners (GIP) portfolio company, has entered into a US offshore wind joint venture by acquiring a 50% stake in the Revolution Wind and South Fork Wind projects from Eversource Energy (Eversource). Skyborn will manage its 50% ownership in both projects, with Ørsted holding the remaining 50%.
Revolution Wind is a 704 MW offshore wind farm that will interconnect in Rhode Island and serve that state as well as Connecticut. The project is under construction and is estimated to be operational in 2026. It is contracted under 20-year power purchase agreements (PPAs) with Connecticut Light & Power (Eversource), United Illuminating (Avangrid), and Rhode Island Energy (PPL).
South Fork Wind is a 132 MW offshore wind farm located off the coast of Montauk Point, New York. The project began delivering power in 2024 and is fully contracted under a 20-year PPA with Long Island Power Authority.
