Mubadala invests $325m in world’s biggest offshore wind farm

AI Summary

Mubadala has invested $325 million in Ørsted's Hornsea 3 offshore wind farm project, which is expected to become the world's largest. This investment is part of a consortium that aims to develop renewable energy sources.

Abu Dhabi state investor Mubadala has announced a $325m investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm. Mubadala is investing alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse. The investment follows Apollo Funds’ acquisition of a 50% stake in the joint …