Amazon, BlackRock’s Skyborn Sign Germany’s Largest PPA Agreement for Baltic Offshore Wind Farm

On June 22, 2026, Amazon signed Germany’s largest single power purchase agreement (PPA) with Skyborn Renewables, a subsidiary of BlackRock, to buy 600 MW of zero-carbon electricity from the 976.5 MW Gennaker offshore wind farm in the Baltic Sea. The project, set to start construction in summer 2026 and go online by late 2028, will inject around €3 billion in regional investment, supply power for over one million local households, and help Germany hit its 30 GW offshore wind target by 2030. Local factories will produce the wind turbine foundations, boosting regional manufacturing jobs and industrial supply chains. This deal is Amazon’s biggest clean energy contract in Germany, lifting its local renewable capacity to over 1.3 GW across 12 projects; as Europe’s top corporate buyer of clean power, Amazon also backs the 2040 net-zero Climate Pledge. Long-term PPAs like this provide stable revenue for wind developers to secure project financing, balance volatile energy prices for corporates, and integrate climate targets, energy security and regional economic growth, serving as a benchmark for large-scale European offshore wind financing.

Sources: https://esgnews.com/amazon-blackrocks-skyborn-sign-germanys-largest-ppa-agreement-for-baltic-offshore-wind-farm/