Mubadala Investment Company has invested USD 325 million (approximately EUR 300 million) in the UK’s Hornsea 3 offshore wind farm, being built by Ørsted at a site located around 120 kilometres off the Norfolk coast .
The Abu Dhabi-based investor is joining a consortium led by Apollo-managed funds, which also includes USS and La Caisse. The investment follows Apollo Funds’ acquisition of a 50 per cent stake in the joint venture that owns Hornsea 3. Ørsted retains the remaining 50 per cent and will build and operate the project on behalf of the partnership.