Abu Dhabi’s sovereign wealth fund, ADQ, has teamed up with the U.S. private equity firm Energy Capital Partners to invest over $25 billion in energy projects aimed at powering data centres, primarily in the United States.
ADQ stated on Wednesday that they will execute the investments through a 50-50 partnership covering 25 gigawatts of newly built power generation and energy infrastructure.
ADQ stated that the partnership seeks to meet the rising energy demands of data centres, hyperscale cloud companies, and other industries with high energy requirements.
The agreement coincides with a visit to the U.S. by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and brother of the nation’s president, who also serves as ADQ’s chairman.
During his visit, he met with President Donald Trump to discuss enhancing relations with the U.S. in areas like artificial intelligence and infrastructure.
The UAE, a wealthy Gulf nation and long-time security partner of the U.S., has been striving to gain increased access to American technology and establish its own advanced tech sector. This effort is part of its strategy to become a global AI hub and diversify its economy beyond oil.
Founded in 2018, ADQ managed assets worth $225 billion as of the end of June, spanning a diverse portfolio of domestic holdings, including energy, critical minerals, and transport and logistics, such as Abu Dhabi’s state airline, Etihad Airways.
