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Mubadala Investment Company, a sovereign wealth fund of Abu Dhabi, has committed EUR 300 million to a joint venture with Actis that operates Rezolv Energy. The investment firm from the United Arab Emirates also owns a third of Masdar, which launched a partnership with Romania’s Hidroelectrica last year.
Independent renewable energy platform Rezolv Energy, active in Central and South Eastern Europe, is entering a new chapter.
Mubadala Investment Company, a sovereign wealth fund of Abu Dhabi, has committed EUR 300 million to a joint venture with Actis, which invests in sustainable infrastructure in emerging markets.
Rezolv has 750 MW under construction in Romania, Bulgaria
Approximately 750 MW in renewable energy projects under construction in Romania and Bulgaria are run by Rezolv Energy. The company, controlled by Actis, has 1.5 GW in advanced development. It includes Europe’s largest solar power project, Dama Solar in Romania. Notably, the start of construction is behind schedule.
“This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy. Rezolv Energy offers a great platform with scale, leadership, and market access to accelerate renewable energy deployment across Central and Eastern Europe. Our partnership with Actis ensures we are investing alongside a highly experienced player with a proven track record in sustainable infrastructure. Together, we are supporting the development of clean and reliable energy for industries and businesses while delivering long-term value for all stakeholders,” said Head of Infrastructure at Mubadala Real Assets Saed Arar.
Ambitions rising as Mubadala moves in
The management team of Rezolv Energy previously developed the largest wind farms at the time in both Croatia and the Czech Republic, and the largest independent wind farm in Romania, Fântânele-Cogealac-Gradina. Greek state-controlled Public Power Corp. (PPC) took over the facility a year ago.
Mubadala said its endeavor with Actis has the goal of seeing Rezolv Energy become the market-leading renewable energy champion in Central and Eastern Europe.
“With the financial and technical backing of Actis, Rezolv Energy has already made huge progress, with two large-scale renewable energy projects in construction in Southeastern Europe and two more about to move into the construction phase following our CfD success in Romania. Having Mubadala join as a shareholder will enable us to be even more ambitious, further accelerating the energy transition in the region,” said Chief Executive Officer of Rezolv Energy Alastair Hammond.
The European Commission approved four months ago the request to allow Mubadala to invest. The company also owns a third of Masdar, which last year agreed with Romania’s state-owned Hidroelectrica to establish a joint venture.
Private equity firm General Atlantic bought Actis in 2024.
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