Mubadala has announced a USD325M (AED1.2B) investment in a UK offshore wind project, reinforcing its strategy of acquiring stakes in premium global infrastructure assets.
The investment in Hornsea 3, a project developed by Ørsted, will be made through a consortium backed by Apollo-managed funds based in New York.
Located in the North Sea off the eastern coast of the UK, the project is expected to become the world’s largest standalone offshore wind farm, according to Mubadala.
The deal comes after Apollo Funds acquired a 50 per cent interest in the joint venture that owns Hornsea 3. Ørsted will continue to hold the remaining stake while overseeing the development and operations of the project.
Hornsea 3 is projected to generate 2.9GW of renewable energy capacity, sufficient to supply electricity to more than 3.3 million households.
The UK aims to expand its offshore wind capacity to as much as 50GW by 2030 as part of its net-zero strategy. The move is supported by forecasts that electricity demand could more than double by 2060 due to growth across transport, heating and digital infrastructure sectors.
Karim El Jazzar, Head of EMEA Infrastructure at Mubadala, stated that the Hornsea 3 investment aligns with the company’s strategy of partnering with experienced firms on high-quality infrastructure projects that advance the energy transition while generating long-term returns.
Earlier this month, Mubadala also acquired a minority stake in US renewable energy software company Power Factors to support its international growth plans.
The sovereign investor has previously backed renewable energy platforms such as Tata Power Renewables, Skyborn Renewables, PAG Renewables and Rezolv Energy.
Earlier this week, Mubadala and New York investment firm Stonepeak agreed to jointly invest USD300M in the development of what is expected to become the world’s largest container-leasing platform.
Mubadala oversees a USD385B portfolio spread across six continents, covering a wide range of sectors and asset classes.
The company’s assets under management increased by almost 20 per cent in 2025, reaching USD385B.
