Mubadala Investment Company has announced an investment of €300 million through a partnership with Actis to enhance its stake in Resolve Energy, a rapidly growing independent platform in the renewable energy sector, aimed at producing clean energy in Central and Eastern Europe. This funding aligns with Mubadala’s broader strategy to invest in leading platforms that contribute to accelerating the global transition to clean energy while developing resilient infrastructure to support long-term economic growth.
Transition Efforts
Saed Arar, Executive Director and Head of the Infrastructure Unit within Mubadala’s Physical Assets Investments sector, stated that this investment embodies Mubadala’s strategy to build and expand a portfolio of physical assets that facilitate the transition to a low-carbon economy. Resolve Energy stands out due to its leadership, substantial business scale, and extensive market presence, significantly contributing to the swift development of renewable energy projects in Central and Eastern Europe.
Alistair Hammond, CEO of Resolve Energy, noted that with the financial and technical support from Actis, Resolve Energy has achieved significant advancements, currently working on two major renewable energy projects in Southeast Europe.
Lucy Heintz, Head of Energy at Actis, pointed out that investors seek the flexibility, scale, and significance offered by Actis’s model in sustainable infrastructure investments within emerging markets.
Actis has founded and invested in Resolve Energy, assisting companies and governments in the region to meet their energy needs amid challenges related to energy security and climate policies.
Since its inception, Resolve Energy has made considerable progress, currently working on generating approximately 750 megawatts from renewable energy projects in Romania and Bulgaria. Additionally, there are further development projects totaling 1.5 gigawatts in advanced stages, including the Dama project in Romania, which is recognized as the largest solar power generation project in Europe.
With over 15 years of experience in the clean energy sector across the region, the joint investment commitment from Mubadala and Actis in Resolve Energy is set to accelerate the company’s growth, positioning it as a leading renewable energy platform in Central and Eastern Europe.