Mubadala joins Apollo-led consortium in Hornsea 3 offshore wind farm

TGS | 4C Map


Mubadala Investment Company has acquired a stake in the 2.9 GW Hornsea 3 offshore wind project in the UK as part of a consortium led by Apollo-managed funds.

The project is being developed by Ørsted and is expected to become one of the world’s largest offshore wind farms once operational.
Mubadala said the investment expands its exposure to renewable energy infrastructure and forms part of a broader partnership with Apollo. Financial terms were not disclosed.

Hornsea 3 secured a UK Contract for Difference in 2022. The project is expected to supply electricity to more than 3 million UK homes once completed.

The transaction adds another sovereign-backed investor to Europe’s offshore wind sector as developers increasingly seek external capital partners for large-scale projects.

To access more information on subsea cables for offshore wind and interconnector projects, as well as transmission intelligence, click here.
To discover unique insights about vessel supply and demand, project development and much more, click here.

< Back to previous page

CATEGORIES