Mubadala Investment Company has invested $325 million in Ørsted’s Hornsea 3 offshore wind project in the United Kingdom, expanding its global renewable energy portfolio and energy transition investments.
The investment is being made alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse.
The transaction follows Apollo Funds’ acquisition of a 50 percent stake in the joint venture holding Hornsea 3, with Ørsted retaining the remaining 50 percent ownership and continuing to lead development, construction, and operational activities across the project lifecycle.
Hornsea 3 is Ørsted’s third gigawatt-scale offshore wind development within the Hornsea zone in the North Sea off the coast of Norfolk.
Once completed, the project is expected to deliver approximately 2.9GW of installed capacity, positioning it among the world’s largest offshore wind farms and enabling the supply of renewable electricity to more than 3.3 million households in the United Kingdom.
The United Kingdom remains the largest offshore wind market outside China and is considered one of the most mature globally, supported by a stable regulatory environment and long-term policy framework.
The country has set a target of up to 50GW of offshore wind capacity by 2030, aligned with its broader net-zero commitment. This expansion is being driven by rising electricity demand across transport electrification, heating systems, and data-driven digital infrastructure, with total demand projected to more than double by 2060.
Karim El Jazzar, Head of EMEA Infrastructure at Mubadala Investment Company, stated that, “Hornsea 3 is a large-scale infrastructure asset supporting the expansion of renewable generation capacity in one of the world’s most established offshore wind markets. This investment reflects Mubadala’s approach of investing alongside experienced partners in high-quality infrastructure assets that support the energy transition while delivering long-term value. As electricity demand continues to grow, projects of this scale will play a critical role in expanding generation capacity and supporting the transition to a more sustainable energy system.”
Adam Petrie Infrastructure Partner Apollo
“Mubadala is an exceptional partner, and we are pleased to welcome them to the Hornsea 3 consortium. Their investment alongside Apollo Funds and leading institutional investors speaks to the quality, scale, and potential of the Hornsea 3 project as a generational infrastructure asset with the capacity to provide reliable, renewable power to over 3 million homes across the UK.”
This transaction further strengthens Mubadala’s collaboration with Apollo and builds on its growing international renewable energy investment strategy.
The Abu Dhabi-based investor has previously deployed capital into multiple clean energy platforms, including Tata Power Renewables, Skyborn Renewables, PAG Renewables, and Rezolv Energy, reflecting its continued focus on global energy transition opportunities and sustainable infrastructure assets.
