Abi Dhabi's Mubadala Investment Company has made a $325m investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm, located off the Norfolk coast in the UK. 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.
Tag: wind farm
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JP Morgan: Energy outlook 2026 – mitigating volatility with a diverse energy mix
The bank's research says volatile oil prices and surging electricity demand highlight the urgent need for a diversified energy mix to safeguard economic and energy security. The need for diversified energy sources is rapidly reshaping global power generation. Renewables and advanced technologies are projected to supply the majority of global electricity by 2100. Overall, increased global investment in renewables, including nuclear, solar and wind, is paving the way for a more stable and resilient future.
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Octopus Energy Generation makes nearly €600m European wind push
Octopus Energy Generation, one of Europe’s largest specialist renewables investors, is making a major Europe-wide push into the wind energy market, acquiring 321MW onshore wind farms across 17 sites. Its fund management team has invested €584m in wind farms in France, Germany and Poland, on behalf of the Sky fund it manages, accelerating homegrown power across key European markets. These wind farms will generate enough clean power for over 250,000 homes.
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H1 2025: solar/wind outpace global electricity demand growth
The increase in solar and wind power outpaced global electricity demand growth in the first half of 2025, according to a report from Ember. Solar alone met 83% of the rise, with many countries setting new records. Fossil fuels remained mostly flat, with a slight decline. Fossil generation fell in China and India, but grew in the EU and the US.
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First wind turbine installed in Poland by Baltic Power
Northland Power, based in Canada, has announced the successful installation of the first turbine at the Baltic Power project which is a 1.1GW offshore wind farm in the Baltic Sea. Baltic Power is a joint venture between Northland and ORLEN Group and is expected to be Poland’s first operating offshore wind farm.
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Ørsted secures project financing for Taiwan wind farm
Ørsted has reached financial close on a project finance package with 25 banks and five Export Credit Agencies (ECAs) to raise approximately TWD90bn (about DKK20bn) for the 632MW offshore wind farm Greater Changhua 2. This is part of the financing structure for the project, on which Ørsted simultaneously is progressing as planned with an equity divestment expected to be completed once the project is operational. The transaction ensures further progress on both Ørsted’s partnership and divestment programme and its strategic priorities.
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China’s solar and wind projects reach new heights
China is adding solar and wind power at record rates, and the emergence of offshore wind is causing it to cut fossil fuel emissions along its industrial coastline. This is according to a report from ‘Global Energy Monitor’ (GEM). China is building 510 gigawatts (GW) of utility-scale solar and wind capacity, an increase of 57% over the previous year, and three-quarters of all such capacity under construction globally.
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Green light for UK wind after nine-year lull
The UK Government has published its onshore wind strategy as part of mission to become a clean energy superpower. This comes after a nine-year de facto ban. The new strategy sets out over 40 actions to get onshore wind building again across the UK.
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UK Gov announces new era of clean energy transformation
Hot on the heels of the UK Government’s commitment to the most significant programme of investment in homegrown clean energy in the UK’s history, Secretary of State for Energy Security and Net Zero, Ed Miliband, has talked through what energy transformation means for the UK in coming years.
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Great British Energy legislation passes through Parliament
The Great British Energy Bill has received legislative consent from all three devolved governments. This will allow Great British Energy to operate more effectively in each devolved nation. Great British Energy will invest in clean power projects across the UK as part of the UK Government’s Plan for Change to become a clean energy superpower.