Mubadala Investment Company today announced a US$325 million investment in Ørsted’s Hornsea 3 offshore wind farm, which is set to become the world’s largest offshore wind project once completed. The wind farm is located off the coast of Norfolk in the United Kingdom.
Mubadala is investing as part of a consortium led by Apollo-managed funds, which also includes USS and La Caisse. The investment follows Apollo Funds’ acquisition of a 50% stake in the joint venture holding Hornsea 3, while Ørsted retains the remaining 50% and continues to oversee development, construction, and operations.
Hornsea 3 is the third gigawatt-scale offshore wind project in Ørsted’s Hornsea zone in the North Sea. Once operational, it is expected to deliver 2.9GW of capacity, enough to power more than 3.3 million UK homes with renewable electricity.
The United Kingdom remains the largest offshore wind market outside China and one of the most developed globally, supported by a stable regulatory framework and long-term policy commitments. The country aims to reach up to 50GW of offshore wind capacity by 2030 as part of its net-zero ambitions, driven by rising electricity demand that is projected to more than double by 2060 due to changes in transport, heating, and digital infrastructure.
Karim El Jazzar, Head of EMEA Infrastructure at Mubadala, said Hornsea 3 represents a large-scale infrastructure asset that supports the expansion of renewable energy in a leading offshore wind market. He noted that the investment aligns with Mubadala’s strategy of partnering with experienced investors in high-quality infrastructure assets that advance the energy transition while generating long-term value.
Adam Petrie, Infrastructure Partner at Apollo, welcomed Mubadala as a partner in the consortium, highlighting the scale and quality of Hornsea 3 as a major infrastructure project capable of delivering reliable renewable energy to millions of UK homes.
This transaction further strengthens Mubadala’s relationship with Apollo and expands its global renewable energy portfolio. Mubadala has previously invested in platforms including Tata Power Renewables, Skyborn Renewables, PAG Renewables, and Rezolv Energy, supporting clean energy development worldwide.
