Mubadala backs Central and Eastern Europe renewables push with €300m deal

Mubadala invests €300m in Rezolv to scale renewables across Eastern Europe

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Mubadala backs Rezolv Energy in Central and Eastern Europe
Mubadala backs Rezolv Energy in Central and Eastern Europe
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Dubai: Mubadala Investment Company committed around €300 million to partner with Actis in Rezolv Energy, a fast-growing renewable platform in Central and Eastern Europe. The deal bolsters Mubadala's clean energy push and aims to position Rezolv as the region's top independent power producer.

Rezolv already has 750 megawatts of projects under construction in Romania and Bulgaria. Its pipeline adds 1.5 gigawatts in advanced stages, including Europe's largest solar farm at Dama in Romania.

Rezolv draws on over 15 years of clean energy development in the region. Its team built the largest wind farms at the time in Croatia and the Czech Republic, and Romania's largest independent wind project.

The partnership responds to energy security needs and climate goals amid regional challenges. Mubadala and Actis plan to fuel Rezolv's expansion into a market leader.

“This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy," said Saed Arar, Head of Infrastructure at Mubadala Real Assets. "Rezolv Energy offers a great platform with scale, leadership, and market access to accelerate renewable energy deployment across Central and Eastern Europe."

Alastair Hammond, CEO of Rezolv Energy, said: “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.”

Recent contract-for-difference wins in Romania pave the way for more construction starts.

The investment aligns with Mubadala's drive to back the global energy transition. It adds to the sovereign investor's footprint in sustainable infrastructure, targeting long-term value from clean power assets amid Europe's push for energy independence and net-zero goals.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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