Mubadala invests in Hornsea 3 offshore wind farm alongside consortium

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 venture holding Hornsea 3, with Ørsted retaining the remaining 50% ownership and continuing to lead the development, construction, and operation of the project.

Hornsea 3 is Ørsted’s third gigawatt scale offshore wind project within the Hornsea zone in the North Sea. Upon completion, the project is expected to deliver 2.9 GW of capacity, providing enough renewable electricity to power more than 3.3 million UK homes.

The UK is the largest offshore wind market outside China and one of the most established globally, supported by a stable regulatory environment and long-term policy commitment. The country has set a target of up to 50 GW of offshore wind capacity by 2030, as part of its broader ambition to reach net zero. This is under-pinned by rising electricity demand, expected to more than double by 2060, reflecting structural shifts across transport, heating, and digital infrastructure.

Karim El Jazzar, Head of EMEA, Infrastructure, Mubadala, said: “Hornsea 3 is a large scale infrastructure asset supporting the expansion of renewable generation capacity in one of the world’s most established offshore wind markets.

“This investment reflects Mubadala’s approach of investing alongside experienced partners in high-quality infrastructure assets that support the energy transition while delivering long-term value.

“As electricity demand continues to grow, projects of this scale will play a critical role in expanding generation capacity and supporting the transition to a more sustainable energy system.”

Adam Petrie, Infrastructure Partner, Apollo, added: “Mubadala is an exceptional partner and we are pleased to welcome them to the Hornsea 3 consortium. Their investment alongside Apollo Funds and leading institutional investors speaks to the quality, scale and potential of the Hornsea 3 project as a generational infrastructure asset with the capacity to provide reliable, renewable power to over 3 million homes across the UK.”

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Spring 2026 issue

The first issue of 2026 is here! The Spring issue starts with a report about price cannibalisation, and the effects on the renewable energy industry before moving on to articles on topics including electrical infrastructure, solar optimisation, and site surveys and mapping, with contributors from industry leaders such as CESI SpA, APEM Group, North Star, and more – don’t miss out!

Read the article online at: https://www.energyglobal.com/wind/13052026/mubadala-invests-in-hornsea-3-offshore-wind-farm-alongside-consortium/