Prime Highlights
- Mubadala Investment Company will invest €300 million in Rezolv Energy, supporting the expansion of renewable energy in Central and Eastern Europe.
- The investment aligns with Mubadala’s global clean-energy strategy and the UAE’s commitment to sustainable development and decarbonisation.
Key Facts
- Rezolv Energy is developing about 750 MW of renewable projects in Romania and Bulgaria, with another 1.5 GW of solar and wind capacity in advanced development.
- The Dama project in Romania, part of Rezolv’s portfolio, is expected to become Europe’s largest solar power plant.
Background
Mubadala Investment Company announced that it will invest €300 million in Rezolv Energy. It is working with UK-based sustainable infrastructure investor Actis to increase renewable energy in Central and Eastern Europe. This investment supports Mubadala’s plan to grow clean-energy projects worldwide and speed up the shift to a low-carbon economy.
Actis founded Rezolv Energy in 2022, and the company has quickly become a major renewable power developer in the region. It is now building about 750 megawatts of renewable energy projects in Romania and Bulgaria. It also has another 1.5 gigawatts of solar and wind capacity in advanced development. Among these is the Dama project in Romania, which is expected to become Europe’s largest solar power plant.
The platform builds on more than 15 years of renewable energy experience in the region. Rezolv’s leadership team has previously developed large wind projects in Croatia, the Czech Republic, and Romania. Mubadala said its investment, along with Actis’ continued support, will help speed up Rezolv’s expansion and strengthen its position as a leading renewable energy producer.
Saed Arar, Head of Infrastructure at Mubadala Real Assets, said the investment aligns with the company’s focus on scalable assets that support decarbonisation. He added that Rezolv provides a strong platform to drive clean-energy growth in Europe.
Rezolv Chief Executive Officer Alastair Hammond said Mubadala’s backing will allow the company to move faster and expand further as demand for clean energy rises across the region.
The investment adds to Mubadala’s growing global renewables portfolio, which includes stakes in India and Europe. The deal also supports the UAE’s wider goal of expanding its role in global climate action and sustainable development.
