Skyborn Renewables (Skyborn) and Stadtwerke München have announced that they have agreed to form a strategic partnership for the development and construction of the Gennaker offshore wind project in the German Baltic Sea.
Stadtwerke München are planned to acquire a 25% equity interest in the project. Execution of the transaction remains subject to, among other things, customary approvals and the successful closing of construction financing expected to be completed during Q3 2026.
Gennaker, with a planned capacity of up to 976.5 MW, is set to become the largest offshore wind farm in the German Baltic Sea. Once operational, it is expected to generate enough renewable electricity to power approximately one million households annually.
Hengeler Mueller is advising Skyborn comprehensively on the strategic partnership.
Inhouse team Skyborn
Manuel Rolfes (Deputy General Counsel), Sven Bolay (Senior Legal Counsel Corporate & Compliance)
Hengeler Mueller team for Skyborn
Corporate/M&A: Sebastian Schneider, Marika Öry (both Frankfurt, both lead), Maike Hölty (Berlin, all partner), Andreas Breier (Counsel, Berlin), Moritz Weidemann, Dimitri Alexander Krupp (both Frankfurt, both senior associate), Laurids Schommers, Lukas Buchwaldt (both Frankfurt), Ansgar Alofs (Berlin, all associate),
Public Law: Fabian Quast (partner), Kevin Marschhäuser, Roman Kalin (both senior associate), Matthias Schindlbeck (associate, all Berlin),
Energy/Regulatory: Jörg Meinzenbach (partner), Paul David Rieger, Rebecca Klein (both senior associate), Mats Kremer (associate, all Düsseldorf),
Tax: Sebastian Adam (partner), Sebastian Fernkorn (associate, both Frankfurt),
Financing: Nikolaus Vieten, Pascal Brandt (both partner), Tom Shingler (Counsel), Simon Tänzer (senior associate), Til Kopietz (associate, all Frankfurt),
IP/IT: Matthias Rothkopf (partner), Nina Mackenstedt (associate, both Düsseldorf).