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Mubadala Backs World’s Largest Offshore Wind Farm with $325 Million Investment
Mubadala Backs World’s Largest Offshore Wind Farm with $325 Million Investment
Abu Dhabi-based investor Mubadala is expanding its presence in the global energy transition market with a major investment in the Hornsea 3 offshore wind project in the UK.
Once operational, Hornsea 3 is expected to become the world’s largest single offshore wind farm, reinforcing the growing scale of offshore renewable energy developments worldwide.
Mubadala has announced a $325 million investment in Ørsted’s Hornsea 3 offshore wind project, located off the Norfolk coast in the UK North Sea.
The investment is being made alongside a consortium led by Apollo-managed funds, including USS and La Caisse. The deal follows Apollo Funds’ earlier acquisition of a 50% stake in the joint venture controlling the project, while Ørsted retains the remaining ownership and continues to lead development, construction, and future operations.
Hornsea 3 is expected to deliver approximately 2.9GW of renewable energy capacity once completed — enough to supply electricity to more than 3.3 million UK homes.
The project forms part of the UK’s broader offshore wind expansion strategy, with the country targeting up to 50GW of offshore wind capacity by 2030 as part of its long-term net-zero ambitions.
Industry observers view large-scale offshore wind investments as a major driver for future demand across the maritime and offshore sectors, including installation vessels, subsea operations, port infrastructure, and offshore support services.
Karim El Jazzar, Head of EMEA and Infrastructure at Mubadala, said the investment aligns with the company’s strategy of partnering in long-term infrastructure assets supporting the global energy transition.
Why This Matters
- Offshore wind continues to attract major global investors as countries accelerate decarbonization targets.
- Mega-projects like Hornsea 3 create long-term demand for offshore vessels, marine engineering, and port services.
- The UK remains one of the world’s most mature offshore wind markets outside China.
- Renewable energy growth is increasingly reshaping opportunities across the maritime and offshore industries.
Mubadala’s investment in Hornsea 3 reflects rising confidence in offshore wind as a core part of future energy infrastructure.
For maritime stakeholders, the continued expansion of offshore renewables is expected to drive vessel demand, offshore operations, and infrastructure development well into the next decade.
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