Wind power plant in Europe - Photo by WAM
Abu Dhabi's Mubadala to Invest $352 Million in Renewable Energy in Europe
Mubadala, the Abu Dhabi-based sovereign wealth fund, has announced a new plan to invest approximately $352 million in renewable energy projects across Europe, supporting global ambitions for energy transition and emissions reduction.
Mubadala Investment Company (Mubadala), Abu Dhabi's sovereign wealth fund, announced a €300 million ($351.7 million) investment through a partnership with Actis, a leading global investor in sustainable infrastructure in emerging markets.
Under the deal, Mubadala will invest in Resolve Energy, an independent and rapidly growing renewable energy platform in Central and Eastern Europe, according to a statement seen by the Washington-based energy platform, Energy Platform.
This investment aligns with Mubadala's broader strategy of investing in leading platforms that accelerate the global transition to clean energy and develop resilient infrastructure to support long-term economic growth.
[Image caption: Wind power plant in Europe - WAM] Resolve Energy
Actis founded and invested in Resolve Energy, which has quickly become one of the leading clean energy companies in Central and Eastern Europe. It helps businesses and governments in the region meet their energy needs amidst energy security and climate policy challenges.
The platform has made significant progress since its launch, with approximately 750 MW of renewable energy projects currently underway in Romania and Bulgaria. An additional 1.5 GW of renewable energy is also in advanced development, including the Dama project in Romania, which is the largest solar power plant in Europe.
[Image caption: One of Europe's renewable energy projects - Archive]
Resolve Energy has nearly 15 years of experience in the clean energy sector across the region. Its executive management team includes individuals who have developed some of the largest wind farms in Croatia and the Czech Republic, as well as the largest independent wind farm in Romania.
[Image caption: One of Europe's renewable energy projects - Archive] The joint investment commitment of Mubadala and Actis in Resolve Energy will accelerate the company’s growth, positioning it as the leading renewable energy platform in Central and Eastern Europe.
Low-Carbon Economy
Saed Arar, Executive Director and Head of Infrastructure at Mubadala’s Physical Assets Investments division, said that this investment reflects Mubadala’s strategy to build and expand its portfolio of physical assets that support the transition to a low-carbon economy.
Resolve Energy is a leading platform with a strong market presence and significant business volume, contributing to the acceleration of renewable energy projects in Central and Eastern Europe.
He added that the partnership with Actis ensures investment with a partner that has extensive experience and a proven track record in sustainable infrastructure. Through this collaboration, we support the provision of clean and reliable energy to industries and businesses, while delivering long-term value to all stakeholders.
For his part, Resolve Energy CEO Alistair Hammond said that thanks to Actis' financial and technical support, Resolve Energy has made significant progress, with two major renewable energy projects underway in Southeast Europe and two more nearing launch following the successful acquisition of CFDs in Romania.
He explained that partnering with another major investor committed to renewable energy will enable the company to expand further and accelerate the energy transformation in the region.
Actis' Head of Energy, Lucy Heintz, said that investors are looking for the flexibility, scale, and significance that Actis' model offers for investing in sustainable infrastructure in emerging markets. She added, "We are building real assets that we consider essential for national development, coupled with disciplined, long-term investment capital."
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