Mubadala Investment Company invests $325 million in Ørsted’s Hornsea 3 offshore wind project

Type: Investment · Technology: Offshore Wind · Country: United Kingdom · Capacity: 2.9 GW · Value: $325M · Announced: 2026-05-13

Mubadala Investment Company invested $325 million in Ørsted’s Hornsea 3 offshore wind project, located off the Norfolk coast in the United Kingdom. The 2.9 GW capacity project will generate enough renewable electricity to power over 3.3 million UK homes once operational. Mubadala joined a consortium led by Apollo-managed funds, which includes USS and La Caisse, following Apollo Funds’ acquisition of a 50% stake in the joint venture holding Hornsea 3. Ørsted retains the remaining 50% ownership and will continue leading the project’s development, construction, and operation. The investment underscores Mubadala’s strategy of partnering with experienced infrastructure investors to support large-scale renewable energy projects critical to the UK’s energy transition.

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