Mubadala Investment Company has committed circa $351 million (€300 million) to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy, a rapidly scaling independent renewable energy platform in Central and Eastern Europe.
This investment supports Mubadala’s larger goal of investing in top platforms that drive the global energy transition and help build resilient infrastructure for sustainable long-term economic growth.
Since Actis launched and invested in Rezolv Energy, it has become a major player in clean power generation across Central and Eastern Europe, helping companies and nations in the region address energy security challenges and meet climate policy goals.
Since its launch, the platform has made impressive strides, with around 750MW of renewable energy projects currently under construction in Romania and Bulgaria. Additionally, it boasts a 1.5GW pipeline of projects in advanced development, including Dama in Romania, Europe’s largest solar power generation project.
Rezolv Energy is built on more than 15 years of clean energy heritage in the region, with a management team that had previously developed the largest wind farms at the time in both Croatia and the Czech Republic, and the largest independent wind farm in Romania.
Mubadala’s and Actis’ combined commitment to Rezolv Energy will help accelerate the company’s growth, to see Rezolv Energy become the market-leading renewable energy champion in Central and Eastern Europe.
Saed Arar, Head of Infrastructure at Mubadala Real Assets, said that, “This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy.”
Arar further added that, “Rezolv Energy offers a great platform with scale, leadership, and market access to accelerate renewable energy deployment across Central and Eastern Europe. Our partnership with Actis ensures we are investing alongside a highly experienced player with a proven track record in sustainable infrastructure.”
Alastair Hammond, Chief Executive Officer of Rezolv Energy, stated that, “With the financial and technical backing of Actis, Rezolv Energy has already made huge progress, with two large-scale renewable energy projects in construction in Southeastern Europe and two more about to move into the construction phase following our CfD success in Romania. Having Mubadala join as a shareholder will enable us to be even more ambitious, further accelerating the energy transition in the region.”
Lucy Heintz, Head of Energy at Actis, noted that, “Investors are looking for the resilience, scale, and relevance that Actis’ growth market sustainable infrastructure platform offers – and we are gratified by the strong endorsement of this strategy and pleased to join forces with Mubadala. We’re building real-world assets that we believe are essential to national development, and pairing that with disciplined, long-term investment capital.”
