Skyborn enters Preferred Supplier Agreement with Fred. Olsen Windcarrier for Gennaker offshore installation vessel

• Gennaker's offshore wind turbine transportation and installation will be performed by Fred. Olsen Windcarrier (Fred Olsen).
• Installation of 63 offshore wind turbines during 2028 in the German Baltic Sea.
• Gennaker will add up to 976.5 MW to Germany's renewables capacity*.

Fred. Olsen Windcarrier's installation vessel - Brave Tern ©Fred. Olsen Windcarrier

The PSA signed on 24 July 2025 solidifies the longstanding, trusted partnership between Skyborn and Fred. Olsen Windcarrier.

"After last weeks' successful agreements for the wind turbines supply and their long-term service^[1], this newly formed arrangement with Fred. Olsen Windcarrier is another step towards Gennaker becoming a reality. With Fred. Olsen Windcarrier's long lasting experience in offshore wind, Gennaker will benefit from state-of-the-art offshore installation capacity. Gennaker, our blue-print project, is the showcase of our end-to-end delivery capabilities, with standardized process to bring new offshore wind projects to life every 12 to 18 months." says Patrick Lammers, Skyborn CEO.

"We are extremely proud to enter the Preferred Supply Agreement (PSA) with Skyborn for the offshore transportation and installation of the wind turbines generators for the Gennaker offshore wind farm. This agreement demonstrates our long-term commitment to offshore wind and underlines the strong and trustful relationship between the companies. With our strong experience from the Baltic Sea region, we look forward to the execution of the Gennaker project together with Skyborn and all the local stakeholders and suppliers on the project" says Haakon Magne CEO at Fred. Olsen Windcarrier.

With a capacity up to 976.5 MW, Gennaker is to become the largest offshore wind farm in the German Baltic Sea to date. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial building permit for the Gennaker site in May 2019 and maintains site exclusivity for development. Once commissioned, the project will supply approximately 1 million people with green electricity. Gennaker is planned to be commissioned in 2028.

*Capacity as applied for, in the permit application for Gennaker offshore wind farm.

This press release and picture are available at: https://www.skybornrenewables.com/articles/newsroom/Gennaker_PSA_offshore_installation_vessel^[2]

Hashtag: #Skyborn

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

References

1. ^{^} wind turbines supply and their long-term service (eqs-cockpit.com)
2. ^{^} https://www.skybornrenewables.com/articles/newsroom/Gennaker_PSA_offshore_installation_vessel (eqs-cockpit.com)