Abu dhabi: Mubadala Investment Company (Mubadala) has acquired $200 million of Equitix's stake in Greenlink, a joint venture between Equitix and Baltic Cable that operates a 504MW subsea electricity interconnector linking Great Britain with Ireland. This investment reflects Mubadala's focus on infrastructure assets that support more connected, efficient, and resilient power systems.
According to Emirates News Agency, Greenlink is a high-voltage subsea interconnector spanning approximately 190km between Ireland and Great Britain. Regulated by Ofgem and CRU, the asset utilises high-voltage direct current (HVDC) technology for long-distance power transmission, with a nominal capacity equivalent to powering around 380,000 homes.
Greenlink supports the integration of renewable energy, enhances system flexibility, and facilitates cross-border electricity flows while strengthening security of supply, improving market efficiency, and reinforcing connectivity with the wider European energy market.
The European Union has designated Greenlink as a Project of Common Interest, highlighting its importance to regional energy security and a more integrated European power market.
The investment is supported by a regulatory framework, providing long-term visibility on revenues and reinforcing the asset's role as essential infrastructure in both markets.
By addressing evolving supply and demand dynamics across the Irish and UK power markets, Greenlink is positioned at the intersection of the energy transition and infrastructure modernisation, aligning with Mubadala's strategy of investing in assets linked to global megatrends and partnering with leading platforms.
Karim El Jazzar, Head of Europe and MENA, Infrastructure, Mubadala, stated, 'This investment reflects our continued focus on high-quality infrastructure assets that are integral to the functioning of modern economies, including those enabling more connected and efficient energy systems. Greenlink is infrastructure that combines strategic relevance with sustainable economic value. As power markets evolve, interconnectors support cross-border electricity flows and facilitate the integration of renewable energy and grid stability. Our partnership with Equitix strengthens regional connectivity and supports the energy transition across European markets.'
Achal Bhuwania, CIO at Equitix, expressed, 'We are pleased to partner with Mubadala on this investment in Greenlink, reflecting our shared focus on high-quality, strategically important infrastructure. Bringing together two investors with infrastructure expertise strengthens the platform and positions it to support the evolving needs of interconnected power markets. Greenlink enhances energy resilience, enables cross-border connectivity, and supports the transition to a lower-carbon energy system.'
The investment further expands Mubadala's presence in European energy infrastructure and underscores its partnership-led approach to investing in assets that support more efficient and sustainable energy systems globally.